RXL has a EV of $50m for 70% of 1.1m oz = $65 per oz
VMC has a EV of $16m after cash, deposits and investment including 41.7m in RXL for 30% of 1.1m oz = $48 per oz.
big arbitrage difference.
Additionally, VMC shares 50/50 with RXL for the rest of the ground, and 100% along the strike.
RXL has a EV of $50m for 70% of 1.1m oz = $65 per oz VMC has a...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $21.57M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $5.453K | 48.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9294 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2159 | 1 |
View Market Depth
| Last trade - 10.35am 25/07/2025 (20 minute delay) ? |
| VMC (ASX) Chart |