RXL to re rate this year. Target 75 cps, page-83

1) Looks like the share price was up on the day.

2) “Those in the know” (ie the CEO of the company) have bought shares recently.

3) We all know that a CR is inevitable. That is no secret but it may be next week or in a couple of months time. After the last CR the share price jumped from $0.165 to $0.40. A CR at whatever price it comes at does not put a permanent floor on the share price.

4) There are several producers with a current AISC profile of > $AUD$2,000 per ounce and RXL’s high margin , high grade deposit is inherently a very attractive gold asset.