Using $4.50USD/lb, and $1800 USD /Oz, risked60%, Euroz Hartleys quoted a value of 67 cents(AUD) per share.
After the capital raising, applying addition of $50m (AUD) capital and adding 167m shares, this translates to 57 cents per share.
The capital raising should reduce the risk so the value should be more than 57 cents once the Cu and AU prices used are reached again.
Increased ore reserves following recent drill results should also help
So I am very happy to top up my RXM holding at current market prices, which I believe may largely be due to automatic sell orders being executed.
Chart, page-70
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RXM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $346.7M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.8¢ | 44.0¢ | $2.320M | 5.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 9200298 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 1406187 | 13 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| RXM (ASX) Chart |