The first edition of the Eureka Report for 2011 was out last night and one of the writers had Rex as one of their 3 top picks for 2011. Drawing some comparisons to Sandfire and also re-iterating the supply/demand of copper is likely to push prices up.
The exploration upside was also mentioned and the writer basically said he wouldn't be surprised if Rex were to continue its strong run and possibly double during the year. Drawbacks were that mining isn't to actually start for some time, and then the usual resource sector risks (i.e. copper price falling etc etc).
I'm looking forward to some good times for Rex
RXM Price at posting:
$2.82 Sentiment: Buy Disclosure: Held
