From the last update seems as though they are looking at...

From the last update seems as though they are looking at projects, advanced exploration rather than greenfields. They did state they aren't in a rush and not going to chase what's hot at this moment in time.

I say a trend is your friend and follow the trend until Nickel/Copper picks up .

I have worked for a few exploration companies that literally do nothing and sit on massive stacks of cash and slowly burn through it, they always state they are looking at other acquisitions. Look at BAU, TLM and MGX.

I think RXL are serious about picking up a good project. I know they have seriously diluted their share register over the years, but hey how many nickel Juniors can you list on the ASX that have made a few discoveries, survived the downturn and managed to financially set the company for the next cycle?