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1.67%

15.3¢ rox resources limited

Going to take more than your positive hope hope hope to fire...

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SIJoe

1,694 Posts.

19

21/07/15

22:02

Post #: 15671033
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Originally posted by mornington ↑

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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Going to take more than your positive hope hope hope to fire this dead dog up

RXL Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 15.3¢		Change 0.003(1.67%)		Mkt cap ! $57.48M

Open	High	Low	Value	Volume
15.0¢	15.5¢	15.0¢	$25.09K	164.7K

Buyers (Bids)

No.	Vol.	Price($)
8	481852	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	245433	6

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 - 13.57pm 29/11/2024 (20 minute delay)

RXL (ASX) Chart