@CashedUpBogun strategy, assuming actual average feed grades from Grace is between 5-6g/t, and there is actually 500,000 tonnes of material, RXL might be able to cut a deal and at the end of it pocket circa $80mil in after-tax profit.
Then Divest from Youami. Go back to being an explorer. Acquire various projects and see which one pumps.
Most risk-average strategy.
Anyone with any other view from the company should be sacked on the spot.
That is unless the grades at grace are actually lower on average then was was reported hence the pivot. Grace is spotty afterall.. makes sense
How low will sp drop before consolidation, page-38
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $7.528K | 53.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 367669 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 230061 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |