Ann: Half Yearly Report and Accounts, page-4

Understand the balance sheet doesn't look so great, by all accounts this development has been a tough sell to those living in the vicinity.
That said for me it all comes down to the granting of a mining permit, if successful then the money burnt becomes incidental. and the bigger picture starts to unfold.

RXM were not the only company to get caught out when the copper price headed south, timing is a bitch. By all accounts the copper price will stabilise, some even say will break into new highs (time will tell)

Right now is a great time to scare a few weak holders out of their positions. Plant the right seeds and these holders will lose faith as the waiting unfolds. That for me is the only thing that will be achieved on this forum until the decision on mine permit is made.

If you believe in the unfolding era of electrification, then having a couple of good copper plays would seem a sound investment, time will tell if that is right, and if RXM is a good copper play!