The other thing is that MGV resource (MRE) was 927kOz...RXL is in excess of 4MOz as a company
Since they offered 210M to MGV, given that RXL is already 4 times more valuable than MGV...Which effectively puts a fair value of 840M to RXL (at least) without the recent drilling program and updated MRE.
not to mention how things are moving towards being backed by commodities...it may be stupid to give up the exposure as a de-risking strategy IMO
The other thing is that MGV resource (MRE) was 927kOz...RXL is...
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Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $61.86M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.8¢ | $101.9K | 600.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 587976 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 48914 | 3 |
View Market Depth
| Last trade - 15.17pm 27/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
-0.003 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 16.5¢ | 404464 | ||
| Last updated 15.17pm 27/05/2024 ? | |||||
| RXL (ASX) Chart |