"The bell is ringing and I am picking a complete take over! They could swallow RXM for 300 million, spend 700 million on a plant and be in business."
I am wondering what $300M would buy - Hillside only maybe?
If Richard Ls optimism for the Hog becomes a reality its value alone might well exceed $300M?
In addition to the Hillside leases Rex has maintained its hold over 9 Moonta South leases totalling 2235 square kms. The Hillside leases only represent 1.5% of Rex's total Yorke Peninsula leases. I also wonder if there might not be one or more additional "Hillsides" waiting to be found in the the other 98.5% of Yorke Peninsula leases?
Wiser heads than mine will no doubt point out that no "deposits" exist until they are proven but I can't help remembering being told at the Moonta Mining Museum that Moonta was once the largest copper region in the British Empire (and back in those days that Empire covered a lot of the globe) and that Moonta Region mining only stopped when the copper price fell. Hence I assume that there must be some value that can be attributed to the old Moonta South leases as the technology available to the old time miners would presumably have left a lot of copper remaining even in the worked mines.
I also assume that Richard L sees some value in the Moonta South leases as they have been maintained for years and some held by Rex since 2008.
I mention the above as I believe that while perhaps concerned about progress to date we should "keep the faith" in Rex to meet the Hillside program just outlined and hope they might liven up a bit in providing an up to date and significantly increased Resource Estimate for the Hog.
Go Rex (please!)
- Forums
- ASX - By Stock
- RXM
- Who is going to get a bargain!
Who is going to get a bargain!, page-497
-
- There are more pages in this discussion • 443 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $364.2M |
Open | High | Low | Value | Volume |
46.5¢ | 47.0¢ | 46.0¢ | $4.532M | 9.746M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 375514 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 5861118 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 375514 | 0.465 |
30 | 9277867 | 0.460 |
2 | 30691 | 0.455 |
2 | 3120 | 0.450 |
1 | 42211 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 5861118 | 28 |
0.475 | 1058445 | 5 |
0.480 | 61650 | 5 |
0.485 | 10100 | 2 |
0.495 | 1980 | 1 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online