RXM 0.57% 44.3¢ rex minerals limited

210m Gold From Surface + Billion Dollar NPV Copper Project

  1. 891 Posts.
    lightbulb Created with Sketch. 237
    Finally the market is starting to pay attention

    GOLD
    • Hog Ranch Nevada
    • 210m @ .66g/t from surface (inc 12.2m @ 6.45g/t)
    • 100.6m @ .77g/t (inc 44.2m @ 1.54g/t)
    • 56.4m @ .89g/t (inc 30.5m @ 1.44g/t)
    • This is a heap leach project - 3.1km x 1.5km of strike so far - resource upgrades to come
    • The small scale starter operation had AISC at $902/oz (an operation at scale could be even cheaper)
    • That's a lower AISC than Northern Star, Newmont, Barrack, Goldfields, Agnico Eagle, and every Newcrest mine with the exception of Cadia
    Copper
    • Hillside South Australia
    • Approved and permitted
    • Resource 2mt contained copper , 1.4moz contained gold
    • At current Prices NPV of stage 1 project circa $1Billion - POST TAX NPV $1.4 Billion at $4/lb
    • AISC US$1.60/lb

    .... compare it to other projects and market caps - they look like a steal

    DYOR
    GLTA
 
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44.0¢ 44.5¢ 44.0¢ $1.335M 3.012M

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