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 ?
and perhaps herein lies the reason the market has priced RXL as...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.21M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $5.732K | 40.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 126756 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 40125 | 1 |
View Market Depth
| Last trade - 15.12pm 15/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |