So comparing RXL to similar goldies in WA we certainly look seriously undervalued currently.
I'm hoping the market wakes up here pretty soon, positive results from those expected 15 drill holes should put this stock well over .12c a share at a minimum depending on the quality of the high grades hits.
Just looking at MGV with a MC of $295 Million, they have had some seriously good high grade shallow hits lately.
RXL has a MC of only $146 Million with 70% of the JV with VMC and of course the high grade Nickel projects, but also a much larger proven gold resource than MGV do currently. MGV however have a very lucrative JV deal with EVN.
Gauging by MGV's current MC, RXL should be valued at about a $250 Million MC at least or about .125c......
So comparing RXL to similar goldies in WA we certainly look...
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Last
13.8¢ |
Change
-0.003(1.79%) |
Mkt cap ! $56.27M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.3¢ | $90.40K | 672.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 114184 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 444011 | 7 |
View Market Depth
| Last trade - 15.32pm 06/09/2024 (20 minute delay) ? |
| RXL (ASX) Chart |