RXM rex minerals limited

Commodity Prices Pressing Forward

  1. 899 Posts.
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    Rex Minerals must be delighted with the turn about of the Commodity Markets .
    The markets have seen enough data over the last couple of months to confirm that
    a recovery is well and truly under way. At what point do the Directors sit down and
    decide when is the right time to start planning a start up strategy at Hillside .
    Preparation would most probably take at least 15 months to get things up and running
    and hopefully Copper , Gold and Iron Ore prices would continue to consolidate to this point.
    So lets see do we need a Joint Venture or where do we obtain Capital from one of our
    many contacts . No doubt the Farmers will realise that improving prices mean only one thing ,
    that activity at Hillside would resume once again. Who will make the first move now ,
    will it be the Directors to decide " this is the right time" or the Community to once again
    say " we do not want mining in our community" .
 
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