RXM 0.00% 45.0¢ rex minerals limited

Copper Update Video, page-12

  1. 1,094 Posts.
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    Ynotinvest. I checked the numbers of shares.
    30 June 2011, 153635519
    now 376237586 or 2.449 times as many now.
    That would by itself reduce my SP expectation from $3 to $1.22.

    Have not resolved the NPV variation. Probably too involved and made more difficult because Hog Ranch must add something to the NPVs of RXM.
    So I guess I will just revise my comment to " RXM should be a lot more than 20 cents," which doesn't say much. Most shareholders have been saying that.
 
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