BFS due out by the end of the month for their 100% owned Hillside Project located on the Yorke Peninsula, SA.
RXM have been on a steep decline after peaking at over $2.50 a year ago. Lookss to have bottomed out at about 60c. Volume has started coming back and the trend looks to have reversed in anticipation of the BFS.
The project is very close to town, 12km from the port and solid roads. They have recently reached an agreement with SA water for water infrastructure to meet the needs of the project.
Hillside has about 2.5 mil ton of copper with gold and also high grade iron. Not to mention about $60 million in the piggy bank.
