Ryan's Bardoc Gold's blueprint for restarting Youanmi, page-28

It is hard to get my head around how RXL, on the cusp of a very good PFS ($700m+ NPV) with the POG comfortably staying above $AUD 3,000 per ounce, now for some months, is at a sub $60m market cap? The only logical conclusion I can come up with is a market perception of high financing risk. However, with a 50:50 capital/borrowings mix the debt payback period would be months rather than years so accessing finance should be straightforward. This is the story that RXL needs to sell to the market.

I would hope that the big CR to finance the project construction would be at > $0.40 per share. Am looking forward to the MRE and the next company presentation.