RXM 0.00% 46.5¢ rex minerals limited

re: Ann: PFS reveals Australia's largest ... What happens to the...

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  1. 16,495 Posts.
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    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.
 
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