Agree with your analysis of the relative value of RXL and MGV kelbys and add that on the basis of the resource that has been discovered so far MGV certainly deserves to be valued higher than RXL. Musgrave have a stellar resource and even after a huge run this week the company is still undervalued. But twice the Rox MC ($295m vs $146)? No way. In terms of potential near and long term I wouldn't be surprised to see the Rox MC comparable with or higher than MGV's. Potential to surprise on the upside is much higher with Roxy. There are just so many proven and highly prospective targets at Younami and regionally.
hold RXL, page-395
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $61.08M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 15.0¢ | 14.0¢ | $45.89K | 310.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6800 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 58006 | 2 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |