ninder - the purpose of my market cap comparison of RIO to EXT wasn't to say that EXT could be at the same market cap as RIO - of course uranium is only a small part of RIO's global operations which are dominated by iron ore but include just about every major mineral that can come to min'e'd.
The purpose of putting them side by side was to highlight that RIO - a gorilla resource stock - happens to have an operating uranium mine right next door (7km away) to EXT a guppy/banana/gorilla food.
I also know that RIO wouldn't buy EXT at this current point in time. But if they prove up Rossing South, and also define high grade JORC resources across Garnet Valley then EXT is but an apperitif for a gorilla like RIO. The manager assigned to the takeover would be at least twice removed from the board it would be that irrelevant. (I'm guessing on this last sentence lol I'm sure no company would not take a 500m takeover seriously).
late rally, page-19
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $11.79M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $30.49K | 3.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4783329 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 3675100 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |