I was very wrong in expecting drilling results by today, however, anything we speculate about is just that- speculation.
The MRE update is very much due and anticipated by us all- I hope it drops sooner rather than later. Not sure that the PFS June 2024 deadline is at all unreasonable .The company employed the guy managing the PFS not so long ago and they need time to prepare it. The PFS has also been very reliant and actually dependent on drilling success so the drilling needed to come before the PFS.
With the benefit of hindsight I would have offloaded RXL shares in the $0.35 share price range when we were there. However, the dynamics of the gold market have some highly regarded analysts calling for a $US 2,500+ gold price when the PFS will be rolled off the press. If the junior gold sector has already ignited by then (my personal expectation), a good PFS is going to add 10c per share to the share price if market sentiment is already bullish. I am pretty bullish that the junior sector is going to be back in favour as we progress into 2024.
I am not sure why you think a DFS will come within 6 months of the PFS? They usually take 12-18 months for most companies post PFS.
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I was very wrong in expecting drilling results by today,...
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Last
13.0¢ |
Change
-0.015(10.3%) |
Mkt cap ! $57.01M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.0¢ | $203.2K | 1.512M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 545995 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 207836 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 545995 | 0.130 |
8 | 617030 | 0.125 |
11 | 1480013 | 0.120 |
1 | 8704 | 0.115 |
1 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 207836 | 7 |
0.140 | 250365 | 4 |
0.145 | 428015 | 6 |
0.150 | 164482 | 2 |
0.155 | 86034 | 2 |
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