PEPR approval and increasing copper and gold price could value RXM in the hundreds of millions.
Copper price currently 2.72 US$/lb
From RXM last quarterly
" the Hillside Project had it been in production would have easily survived the most recent
global downturn, with both Cash Operating and All in Sustaining Costs (previously reported at US$1.61
and $1.88 per pound of copper respectively) comfortably below the minimum price copper traded at
even in the darkest hour. Hillside, when in development and production, would be providing stable
revenue and employment for at least 15 years for approximately 500 people. The world needs copper
now – more than ever."
https://indaily.com.au/news/2020/06/15/mining-keeps-exports-at-top-of-pile/
Rex Mines is working through its own regulatory approvals for a copper mine on Yorke Peninsula.
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Price($) | Vol. | No. |
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