Chester
Would I agree with you RXM is very vulnerable at this price? big yes.
Would it surprise me if OZL went for it and just added it to the pipeline of projects it is building? Not at all mostly because I feel OZL doesn't want to diversify away from Copper or Copper/Gold mines.
There have been lots of very cheap nickel and Zinc mines and miners for sale and OZL has not made a move. That suggests that the strategy as reported is the one they are sticking to. thank Christ for that. Clearly these 2 metals are not my favorite. when something is dirt dirt cheap most times there's a reason for it.
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