and perhaps herein lies the reason the market has priced RXL as such
Nickel - grade not enough for given qty
Zinc - plenty of it, but deep = committed development $$$, and after dugald river, I'm sure risks are still fresh in the minds of those that control the billion $$ development budgets. And that's only the operational risk, speak nothing of global demand/trends, forex risk, sovereign risk, etc....
perhaps its a case of current climate = big discounts please ?
Wonder if it's far enough North for a Joe Hockey Budget bonus loan ?
Ann: Investor Presentation, page-5
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $61.08M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $162.7K | 1.078M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 109458 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 105035 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |