Every gold mine I've worked at in the last 18 months are thumping out upgrades and productions rates the last 6 months has just been ridiculous. RXL will be no different. The profit is there, shallow grade mining will not be far away. Easily leached resources. Low cost mining - high yield.
EVN for example average cost of $930-960 per oz mined, $1100 profit. 250m tonne stockpile. 5 90+% grade bars every 3 days, 13 <70% grade.
Shareholders just need a bit of patience, and maybe check in once a fortnight or every now and then rather than panicking daily about the SP. Medium to long term, nothing has changed for me. Unless the price of gold crumbles severely overnight, i'm here for the long run.
Rox and it's golden prospects., page-394
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.05M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 305122 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 463750 | 6 |
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