"MII is a peer to RXL. They had a significant cap raising on OCT 6th at a premium....the cornerstone investor paid 10.5c but MII traded in low 9s for a while after. Only since yesterday has MII started trading at or above the placement price.
agree Nine,
when you look at MII in comparison the current resource size of both companies is very similar although MII's is more displaced with a cumlative total of various satelite deposits making up the JORC. RXL's is subject to one location a few km's square & only drilling the peripherary of what is expected to be the main section. This still leaves the other 680km2 to be further explored & also does not include the Eastern Blocks drilling in its current JORC...
MII - 17.2mt @ 5.5%Zn / 4%Pb
RXL - 15.3mt @ 5.45Zn / 1.4%Pb
and now to the crunch MII's Market Cap @ 10c is $45M
cup handles.....for giants, page-7
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $25.78K | 189.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11707 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67814 | 3 |
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| Last trade - 13.13pm 16/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |