Nearly $1 billion capex was always going to kill this one, I thought about buying it, but this is going to be a BIG stretch to get up without a huge dilution, even with a white knight. I do like their position and exploration ground, they have some exciting prospects-but what is the matter here?, the new ceo has been out and about promoting since he arrived, but at these grades-this may turn out to be a long haul project, in this climate it won't happen easily.
RXM Price at posting:
64.0¢ Sentiment: None Disclosure: Not Held
