just don't get ahead of yourself & take that statement as RXL are recieving $15m up-front for immediate expenditure...
personally i think Teck will move very quickly and as some have suggested may end up putting the full sum forward well ahead of schedule - but that is not to say it will happen like that, still just speculative assumptions on where to from here. Hence the importance i've placed on the agreement being formalised & Teck releasing their forward plan.....
The key commercial terms of the agreement are:
** Teck can farm-in to the tenements to earn a 51% interest by spending $5 million over 4 years.
** Teck can earn a further 19% interest (for 70% total) by spending an additional $10 million ($15 million total) over an additional 4 years.
** A minimum of $1 million to be spent by 21 July 2012, including a minimum of 2,000 metres of diamond drilling before Teck can withdraw.
** Teck will subscribe $500,000 for a placement of 10 million shares in Rox at a price of $0.05 per share.
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- $15m investment in rxl current cap. $18m
just don't get ahead of yourself & take that statement as RXL...
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $65.15M |
Open | High | Low | Value | Volume |
15.0¢ | 16.0¢ | 15.0¢ | $83.51K | 553.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51532 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 153815 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51532 | 0.155 |
3 | 581149 | 0.150 |
1 | 80000 | 0.145 |
4 | 353765 | 0.140 |
6 | 159673 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 151615 | 3 |
0.165 | 45906 | 4 |
0.170 | 145647 | 3 |
0.175 | 33844 | 4 |
0.180 | 64018 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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