RXL is getting torched because the two discoveries are so far not discoveries.
the market also doesn't like when a company pivots from its original mission - its now reading like a discovery is required to make the project.
updating the MRE and scoping study will be the next trigger - upwards or downwards. building a mine in this environment is a no-goer. especially a refractory one but let's see what the numbers look like.
RXL Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
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