RXL is getting torched because the two discoveries are so far not discoveries.
the market also doesn't like when a company pivots from its original mission - its now reading like a discovery is required to make the project.
updating the MRE and scoping study will be the next trigger - upwards or downwards. building a mine in this environment is a no-goer. especially a refractory one but let's see what the numbers look like.
Ann: Investor Presentation - Diggers & Dealers 2023, page-16
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Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 521631 | 13.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 7922 | 1 |
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