RXL 3.23% 15.0¢ rox resources limited

Nickel - "new kid on the block" LME week 2017, page-3

  1. 251 Posts.
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    jogo,
    You seem to have missed the point, which was to offer current insights about the state of the battery metals market from a well respected person who attended LME Week 2017.

    In the context, the "new kid on the block" was a well understood turn-of phrase for describing nickel perceptions in the current battery metals market, where most recent discussion has focussed on other metals. It was not a statement about whether nickel has ever been used in batteries before. (I haven't forgotten Ni metal hydride batteries nor will have Mike Beck). It seems you did not listen to all of the recording, if any ...

    Put another way, the post was made to help investors to make some money by making better informed buy/sell decisions, rather than to be a definitive history of each component of the portable battery market.

    I didn't join up the dots and point to Rox in that post, as the link would have been of interest for many stocks. Manifestly, however, it could be of great significance to Rox with its Fisher East Ni project and now Collurabbie (where a small Ni and other metals drilling program currently is underway).

    IF:

    * Rox gets some good hits at Collurabbie (whether in the current drilling or later programs); and
    * the Ni price continues to improve (along with the other battery metals including Cu which, BTW, was found in some earlier drill holes at Collurabbie),

    and bearing in mind that Collurabbie is within trucking distance (~70km) of Fisher East THEN Rox could have a very profitable combined project that could make some serious money for shareholders. If that becomes a likelihood, then Rox's share price is going UP, UP, UP.

    Remember that Rox has >$12M in cash + $3.75M in receivables due to them in a few years from Teck. Few small cap explorers have that luxury to get stuck into drilling etc. if the metals markets are supportive.
    Last edited by La Tache: 09/11/17
 
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