This stock is definitely undervalued at 4cents
here is why
There is 197 million shares on issue and 76.42% is held by the top 20 There is 95% held by top hundred.
They have money in the bank from last capital raising and a loan from their the bank.
They poured gold 3 bars 210 troy oz for the first time this week
They have 17000 ounces in the ground
Their production costs are around $650 per ounce
Gold price is over $1700 per ounce
the mine is portable but worth over 8 million can be relocated to JVs in the future ( plenty of leases no mines )
This has been a sleeper for 5 years as it listed as a 20 cents listing it owes majority of the shareholder an average of 14 cents
Analyst say it should be over 10cents or more when they added further projects.
Well I think its just time to get the message out there
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.759M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 50000 | 1 |
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| Last trade - 09.59am 12/09/2025 (20 minute delay) ? |
| RBX (ASX) Chart |
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