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