Over 2 million ton copper and 1.6 million oz gold, plus by product of iron ore relativly shallow deposit 10 klm from deep water port with loading facilities their share price has been pounded into the ground, a recent fund raising $42 mill @ $1.20 few months ago shares now around 62cents, top 20 own over 60%. I figure they have only just scrached the surface in their very big land holding. After reading all their reports I can't believe the company is worth less than $120 million with around $60 million in the bank. Can new CEO turn it around? or is it going to be yet another bargain for the Chinese?
RXM Price at posting:
61.0¢ Sentiment: None Disclosure: Held
