At the current POG, using PFS metrics, Youanmi will earn $1.5b in free cashflow.
If a producer decided to take out RXL right now for $100m, that would set many back a little over a quarter of free cashflow. The risk/reward position is very favourable to buy any gold asset right now. How many assets, in arguably the best mining jurisdiction in the world, Western Australia, are at the post PFS stage of the development cycle?
RXL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)