actually it isn't the same one. Myrtle is what you are thinking...

actually it isn't the same one. Myrtle is what you are thinking of. On the back of some 5% hits in 2010 the SP shot up into the 5s. Then it settled back to the low 3s as SPs tend to do when the excitement dies down. The deal with Teck was announced and Teck was to buy some RXL shares to give RXL some working capital and were to spend 5 mill on RXLs leases in exchange for 51% of any discovery. On the back of the Teck deal the SP shot to 12c upon which the company secretary notably sold his shares into the spike. Needless to say the SP tanked after that. Teck never did find anything of note at Myrtle and in fact the results were very poor. But what they did do was to rediscover Teena which had been long forgotten since the 1970s when RIO drilled a few holes. It was actually pretty slick work by Teck in locating the lost legend of Teena.