Further to my previous post, RXL does have potentially at least one advantage over OVR - they likely would be able to free-ride off Teck into production, should Myrtle prove up to be economic. That, in exchange for a stake that still could exceed a billion pounds of combined lead/zinc could prove to be a company maker.
IE:
12.9MT at 4.8% = 619,200 tonnes of zinc
There are 2204.63 pounds per tonne, and thus 1,365,106,896 or 1.37 billion pounds of zinc based on current JORC and 30% stake.
The amount of mineable zinc would then depend on recovery rates and metallurgical work. If it's anything like OVR expects then an 80% recovery rate would work out to be 1,092,085,517 pounds of recoverable zinc.
If RXL was able to effectively free-ride itself on to that amount of zinc, then I would say shareholders would be extremely happy.
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $212.7M |
Open | High | Low | Value | Volume |
29.0¢ | 30.0¢ | 28.5¢ | $654.6K | 2.249M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 293046 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 469893 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 293046 | 0.280 |
4 | 88276 | 0.275 |
13 | 387190 | 0.270 |
3 | 243500 | 0.265 |
5 | 333000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 469893 | 1 |
0.295 | 21217 | 3 |
0.300 | 184631 | 5 |
0.305 | 91500 | 2 |
0.310 | 163467 | 5 |
Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
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AFT PHARMACEUTICALS LIMITED
Dr. Hartley Atkinson, MD
Dr. Hartley Atkinson
MD
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