Ann: Rox accepts $21M offer for Reward project,MZN-RXL.AX, page-34

if they hit 8% next door at KGL where we have hit 6% copper that must be a pretty decent resource underneath

which means our market cap is undervalued at 22m by at minimum $10-20 mill and thats without the zinc

not all that great at the fundamental side mind you but thats what comes to mind pretty quickly

Kentor Gold (ASX: KGL) has since found extensive copper sulphide mineralisation at Jervois beneath the surface copper oxides and there is no reason to think it will be any different at Bonya. The current mineral resource at Jervois is 11.9 Mt @ 1.3% Cu and 25 g/tAg (KGL ASX announcement), and we believe this could be substantially increased based on recent drilling results released by KGL. The comparison to Bonya is very strong, which is what excites us about this project. (3 yrs ago)