RXL has a EV of $50m for 70% of 1.1m oz = $65 per oz
VMC has a EV of $16m after cash, deposits and investment including 41.7m in RXL for 30% of 1.1m oz = $48 per oz.
big arbitrage difference.
Additionally, VMC shares 50/50 with RXL for the rest of the ground, and 100% along the strike.
im expecting big things from upcoming announcements
IMO DYOR
Ann: Bridgetown East Ni-Cu-PGE Project- Exploration Update, page-2
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Last
12.0¢ |
Change
-0.003(2.04%) |
Mkt cap ! $23.53M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $4.468K | 37.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20106 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 595 | 1 |
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| Last trade - 15.00pm 15/07/2025 (20 minute delay) ? |
| VMC (ASX) Chart |