The other thing is that MGV resource (MRE) was 927kOz...RXL is in excess of 4MOz as a company
Since they offered 210M to MGV, given that RXL is already 4 times more valuable than MGV...Which effectively puts a fair value of 840M to RXL (at least) without the recent drilling program and updated MRE.
not to mention how things are moving towards being backed by commodities...it may be stupid to give up the exposure as a de-risking strategy IMO
Ann: Rox Shareholders Overwhelmingly Approve Youanmi Transaction, page-16
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.08M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $9.604K | 66.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32227 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 246206 | 4 |
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| Last trade - 14.44pm 02/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |