RXL 1.82% 5.6¢ rox resources limited

quarterly report

  1. GPS
    535 Posts.
    lightbulb Created with Sketch. 1
    nice to have some clarification:

    "The agreement is subject to satisfactory due diligence enquiries by Teck (which Teck
    have advised has been completed) and the satisfaction of a number of regulatory
    conditions. The companies are moving to finalise formal documentation as soon as
    possible, and since this requires approvals from various third parties and government
    bodies, it is expected to be completed during the first quarter of 2011."

    Approvals should be through within eight weeks. Would appreciate if it happened within the next few weeks, but at least we have some clarification now.

    and

    "Looking Ahead
    Finalisation of the documentation is expected during the first quarter of 2011, and following that
    Teck will detail their exploration plan for the 2011 field season. Field work by Teck is expected
    to commence during the second quarter of 2011."


    and

    "Looking Ahead
    The tenement applications are being processed by the NT Department of Resources, and
    should be granted to Rox during the first or second quarter of 2011.
    Rox is planning to follow-up the drilling conducted so far with confirmatory surface sampling
    and then further drilling to expand the potential size of the deposit to enable a phosphate
    resource to be estimated. Follow up and assessment of the base-metal and uranium potential
    will also be undertaken."
    ---

    waiting on approvals, approvals, and more approvals. So be it, question is will the sp make a steady climb from now until approvals are in and plans are announced?
 
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