3.6mt @ 2% is 72,000 tons of contained nickel or about $1b worth. The problem is it could cost more than $1b to mine it so effectively its worth nothing. Grade is king, Western Areas nickel is at 4%. RXL presentation indicates that they won’t make enough money out of the nickel mine to justify the investment. They need more higher grade nickel and a mine life of about 10years. The Zinc project shows some potential.!
So let's hope they double the resource .
Ann: Investor Presentation, page-2
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $571.7K | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 826458 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 366368 | 6 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
