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46.5¢ rex minerals limited

Ann: Rex commits to next phase of Hillside Copper-Gold Project, page-61

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Azzif

279 Posts.

47

24/12/22

10:37

Post #: 65439275
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Originally posted by arsenic: ↑

IMO the reason RXM didn't pursue an iron ore extraction option was it made the project too high in initial Capital intensity and too big.
What you're proposing goes down the same route. I think management is well aware of the benefits of iron ore and who, would be likely to fund it.

BTW like Rex, I have been in and/or around Havilah as an investment for 12 years, more in HAV's case. The ratio of my current holding in RXM to HAV is 3:1 a reflection of risks and speed of payback.

All IMVHO.

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Yeah I was more just thinking GFG could be interested from an investment standpoint, not for the Iron Ore in particular, when they offered investment for HAV it was for copper and gold purposes for them to diversify.

Just a thought anyway

RXM Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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