I agree it would be nice if we could own a Yet-to-be-profitable pre-producer normally with 250-1000%/y returns without having to endure the CRs. That’s not reality tho is it? Reality is Yet-to-be-profitable Pre-producers like rxl commonly have CRs and still give exceptional returns over 12mths (bc8 was a recent example during its pre producer stage). Despite the CR price impacts, I reckon rxl is no exception and is approx on track. I read rxl is up 53% ytd - and that’s just after a low point with the CR and gold prices. Pre producers normally recover quickly after CRs. I assert gold will come off its low. Of all the current pre producers I think this is the best at the moment. So I’m buying.
RXL Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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