Be patient on this stock as it has substance.I strongly suspect and I hope drilling will confirm the clustered EM anomalies to the south are shallower expressions of the EM anomalies to the north which require diamond drilling.That being the case I would expect Nickel grades in the order of 2-4% to be found there.All the current Nickel attention seems to be centered on the Fraser Range.This is crazy given the grades are low,the geology poorly understood and exploration expensive,given diamond drilling is a requirement.You also need to find an elephant sized deposit at these grades to make a go of it.RXL is within trucking distance of existing processing facilities and the grades significantly higher.I would expect a significant upgrade in the share price before the end of the year.I should not be talking up this stock given that I am currently trying to buy more,however I wish to guide the poor and battered resource investor of recent years into a project of greater of greater merit.
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Be patient on this stock as it has substance.I strongly suspect...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $57.48M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $43.87K | 287.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 496421 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 164433 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 6539315 | 0.008 |
15 | 12069642 | 0.007 |
5 | 2958583 | 0.006 |
5 | 3098180 | 0.005 |
3 | 1255003 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1924318 | 1 |
0.010 | 1406625 | 6 |
0.011 | 888479 | 5 |
0.012 | 621646 | 2 |
0.013 | 1000000 | 2 |
Last trade - 15.33pm 29/11/2024 (20 minute delay) ? |
RXL (ASX) Chart |