noiprocs "Well I'll tell you. Judging by Rex Minerals with only...

  1. 129 Posts.
    noiprocs

    "Well I'll tell you. Judging by Rex Minerals with only an Inferred Resource and 700 thousand tons of copper in the ground (ie 100 mt @ 0.7% Cu)"

    Yes, for and estimated 30% of the resource.

    "and with drill centres 100 metres apart, and around 80,000 metres of drilling all up, and without metallurgical considerations factored into the mix, you get to enjoy a market cap of the same as Cudeco."

    Yes but it already has more than SFR at 100% and SFR is over $6!

    "Either RXM is expensive or CDU are very under rated based on what has been achieved and the confidence levels associated with their respective resources. Also, RXM lacks the high grade 'kick start' into mining as well."

    But the stuff at Hillside is virtually laying around on the surface ;-)

    Why don't you actually read SFR's and RXM's JORCs and then do a comparison with CDU's and tell me what major differences you see? IMHO 2 read very factually and one reads like a fairy tale. I'll let you decide which is which. Also tell me which one issued a string of clarifications and which others the market accepted as quite factual?
 
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