RXM rex minerals limited

There is speculation in the media today that C6C is selling its...

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    There is speculation in the media today that C6C is selling its Eva copper project in QLD - a similar project to Hillside in many ways.
    Both IOCG, open pit shovel ready projects.
    Eva reserves 171 Mt @ .46 Cu and .05 Au.
    Hillside reserves 181Mt @ .54 Cu and .14 Au.

    If a sale proceeds it will set a good guide as to what the market value of Hillside really is.
    The price for the Eva project is reported in the media as around 300 Million.
    RXM market cap atm is only 115 Million.

    On paper Hillside looks a better quality and potentially larger project to me.

 
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