Thanks Fish, also note the CR in Sept last year by very savvy instos $4m raised at 2.4 cps That was a lousy 7% discount to market price and confirmed to me that Alex is a smart corporate operator. More than half of the 1.19mil oz gold is very difficult to mine - refractory. Yes but on top of that we have Grace, Younami South and other shallow non refractory gold. Alex concentrate plan for the refactory gold will be very profitable at the current and projected gold prices. The deadline to go to 70% of the JV is more than a year away at a time when the SP will be double or triple today's. I'm hoping for a CR at that point that we get to participate in.
RXL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
(20min delay)