this exploration license is very significant as it took 3 years in the making. they will be able to quickly double the current 2.26m oz resources gold which was defined quickly with the initial limited area they were able to explored. current market cap of Rxm is really counting the copper resources only and completely ignore the hog project which got the 2.26m oz and potentially double the resources once they are able to start digging again. with the financing funding going to be completed next month or so and the Japan company take the 40% interest and funding, the share price will be greatly appreciated accordingly. Euroz Hartley values the share price to be 62c so we are looking around 3 times here.
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