RXM rex minerals limited
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re: Ann: PFS reveals Australia's largest ... What happens to the...

  1. malmanu
    16,879 Posts.
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    01/11/12
    10:42
    Post #: 10942792
    re: Ann: PFS reveals Australia's largest ... What happens to the valuation if they find a few more deposits in the region. Still reckon its worth more if someone who is cashed up buys RXM . Interest rates are low and look to be staying that way for a long time. By the time RXM finishes its BFS it will still have around 40m cash left so its EV based on current 80c level is still a paltry 110m . Thats much less than how much they would have spent getting to that stage.
    RXM Price at posting: 80.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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