EMO has the permits in Spain already. Grades are good for underground which is much more environmentally acceptable. Their ore is worth $280-$1000 / tonne. RXM's maybe $65 ? 0.5% Cu is $45 and then some gold credits. No comparison. And as I said the EU has earmarked 3-4Bn Euro to encourage mining in the area of Spain where EMO's deposits are.
I own lots of RXM too. I dont think the market realises what they could have in Nevada. The deposits in the area are highly economic despite typically low grades. I think each of RXM's assets should be valued at around $300m. I suppose more drilling at Hog Ranch needs to be done to achieve this valuation but it sure looks like the gold is there.
Zen
EMO has the permits in Spain already. Grades are good for...
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Last
22.5¢ |
Change
0.015(7.14%) |
Mkt cap ! $172.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $40.06K | 186.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 215863 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 64999 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
21.5¢ |
Change
0.015 ( 2.27 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 21.5¢ | 21.5¢ | 59800 | ||
| Last updated 14.24pm 03/05/2024 ? | |||||
| RXM (ASX) Chart |