Using $4.50USD/lb, and $1800 USD /Oz, risked60%, Euroz Hartleys quoted a value of 67 cents(AUD) per share.
After the capital raising, applying addition of $50m (AUD) capital and adding 167m shares, this translates to 57 cents per share.
The capital raising should reduce the risk so the value should be more than 57 cents once the Cu and AU prices used are reached again.
Increased ore reserves following recent drill results should also help
So I am very happy to top up my RXM holding at current market prices, which I believe may largely be due to automatic sell orders being executed.
Chart, page-70
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.3M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 46.0¢ | $818.5K | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6518820 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 5287142 | 35 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RXM (ASX) Chart |