A mine is a lot more than a mill. The Younami mine has all the needed infrastructure including an airstrip and accommodation for workers. It's true that upgrading it all will cost a lot but much less than building a new mine from scratch. The upgrade can also be completed far quicker so RXL could start making money sooner.
Re the SP, RXL is looking oversold on the graph.
Ann: Best Results to Date from Youanmi Gold Project, page-59
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Last
16.0¢ |
Change
-0.020(11.1%) |
Mkt cap ! $65.69M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.0¢ | $65.83K | 398.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60537 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 128300 | 3 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |