Maybe we can hope for some inspired management to commence the challenge of developing Hillside in 2018?
Perhaps some (small?) amount of relevance can be attached to the last time Cu broke through US$3.20 in its last bull run back in July 2010 (on its way to US$4.50) and Rex was around the $1.20 mark. When Cu peaked, Rex traded between $2.50 to $3.20! There seems a lot of potential from where we are now!
BHP and other majors have flagged large investments in upping Cu production in anticipation of increased Cu demand. Bearing in mind the nearby BHP development investment is for the more costly underground work, the open-cut Hillside mine WITH GOOD MANAGEMENT should be a stand-out?
My New Year wish to all HCs, particularly RXM holders, is for a healthy, happy and PROSPEROUS New Year:
- this wish extends of course to the Rex management, some of whom no doubt read our posts and all of whom will no doubt work very hard to get Hillside up and running and fulfil the happiness and prosperity aspects of the New Year wish. They can be absolved from meeting the health aspect (or just maybe???).
RXM Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
(20min delay)