PEPR Decision Time, page-68

I have taken the liberty of printing out one of the most important Rex forum posts to date from  ynotinvest regarding Rex's potential value.

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"lol. let's hope it's NOT the latter, eh. What really gets my hopes up and clinging to this stock is this slide from the investor presentation:



so based on the above, at $36.4m market cap, a pound of RXM's copper in the ground was worth US0.008. As of today, the market cap is $22.4m (which includes, say, $4m in cash), so that same pound is worth only [(22.4)/36.4] x 0.008 = ~US0.0054 per lb. 

Other producers' copper is worth between $0.07 to $0.40 per lb of cooper in the ground (average of US$0.13/lb). 

Even if we can get the bottom of the range, our market cap should increase 12.9 times (0.7/0.0054) which gives this company a theoretical market cap of $290m ($22.4 x 12.9) or $1.01 per share ($290m/287m shares on issue).

If we can get the average of the range, the market cap should increase 24x to $539m or $1.88 per share..."

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I could never understand why this post reminding us of Rex's potential did not attract more Upvotes and comments - surely not everyone is as slack as me? 

If we are near to PEPR approval and if Cu price continues to climb to US$3 lb (and above) then ynotinvest's post might just be on the money. Remember he (or she) is talking about Value ofResource in the ground.Note the two "ifs"!!!!

(I went back to his post and made sure that I had given it an Upvote, this action I recommend to all.)