Agree with you that fair value is more then 41c, possibly even double that. But seeing these metrics come up is at least confidence adding, especially to the mum and dad investors.
We are closer to a hole in the ground then ever before and this time with some real substance to back it up, so many folks are just too unsure on Rex, they cant picture a full scale mining operation down on the sleepy old Yorke Peninsula. And managements lack of communication hasn't helped, but in retrospect, it can be viewed as a mature nonsensical approach, a sign of a focused team, knowing what they have and not feeling the need to sell it with all the fluff like some others. All this along with unpredictable copper prices over the past couple years, worldwide unrest and covid blah blah
If the economy begins to turn as we are all expexting, copper price rises on the impending shortages, and confidence returns for investors, RXM i believe, would be a real success, for us punters and the state.
Im not the most experienced in all this stuff but i am discerning and attentive and i can see the potential here.
RXM Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
