RXL 3.57% 13.5¢ rox resources limited

Ann: Entitlement offer to raise up to $7.62 million, page-104

  1. 3,028 Posts.
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    The level that RXL is undervalued can be compared to CMM’s 2017 DFS when CMM had a similar market cap to RXL today:

    Capricorn Metals 2017 DFS

    NPV $144m
    IRR. 31%
    Payback. 3 years


    RXL’s discount to NPV will be enormous at the current share price. This will hopefully result in a share price re-rate that will take us closer to value.
 
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