I'm sure the current SP is just reflecting the forecast extended period of no news and folk wanting to make use of funds elsewhere until the lead up to next ann. . In saying that next ann of significance FID, and current drilling at Hog Ranch could materially change the value of the company. Unlikely to see news on drill results till the New Year from Hog Ranch, but these exploration holes targeting proof of large scale resource could be very telling. Not worried about the pips as the long game here is a mine at Hillside with all the ticks including;
Environmental
Scale and potential for future scale
significant up tapped further exploration potential
Location to port
Location to labour
Location to existing green energy
Economics to avoid dilution with funding
Floatation results
and now team to build the mine.
and all the time we have this potential huge hairy a-se gold find in Nevada which could yet prove up as the more interesting resource. With current price were it is, I'm happy to continue to accumulate as funds allow. Don't want to be left in the station when this train leaves. Surprises happen and another key metric is the share registry as at the current SP, with a wide open registry, leaves RXM prone for corporate activity IMHO.
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5 | 698183 | 0.455 |
4 | 5232 | 0.450 |
1 | 42211 | 0.445 |
3 | 87749 | 0.440 |
Price($) | Vol. | No. |
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0.465 | 9109077 | 45 |
0.470 | 5825636 | 29 |
0.475 | 1088445 | 6 |
0.480 | 61650 | 5 |
0.485 | 11200 | 2 |
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