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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8.7¢ |
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Mkt cap ! $16.50M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32205 | 8.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 239 | 1 |
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