Thanks for that Alchemist.
Maybe you can comment on the following.
Here is a chart of the copper price in USD covering the years since RXM started.
Cu prices noted on the RXM price chart below.
RXM share price looked great until the copper price fell from $4 in 2011 to $2.59 in 2015.
Now the Hillside Project permits are in place, the copper price is $3.56 and probably going higher (international analyst consensus), the Hog Ranch prospect is looking awesome, so RXM seems to be in a much better position than it has ever been.
Can't see why the RXM SP isn't way above 20c, maybe closer to $3, and why there seems to be little interest from institutions.
I'm freeing up cash to accumulate.
Copper Update Video, page-9
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.3M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 46.0¢ | $380.4K | 826.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 10978817 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 13906852 | 62 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RXM (ASX) Chart |