You answered your own question there!
Firstly, you chose a project that actually makes RXL look expensive based on current valuations.
let me explain.
Bibiani had completed a full feasibility & had a functioning plant. This makes the project fair superior when compared to RXL. where RXL needed a new plant.
You are implying that RXL should be valued the same as whatBibiani,let's assume around it to $130mil aud? Which is no where near the case. But let's assume they are both equal.
factor 70% based on ownership and RXL is $91mil.
It is unrealistic to then expect RXL to be valued at the full $91Mil as that value implies a full unconditional offer is on the table.
Most project trade at a discount to the TO value. around -60%. So that implies a fair value for RXL at $36mil.
& TBH this is the case with most projects & just prior to their acquisition. hence why news to TO's are always at a premium to their current valuations.
therefore the risk/reward is pretty bad. If you are comparing youanmi to bibiani, RXL should be valued at $20mil!
Your choice of comparison makes RXL LOOK EXPENSIVE
@CashedUpBogun
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $227.7M |
Open | High | Low | Value | Volume |
31.0¢ | 31.0¢ | 29.5¢ | $437.3K | 1.448M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 69931 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.300 |
1 | 3389 | 0.295 |
2 | 64487 | 0.290 |
6 | 127900 | 0.285 |
6 | 46900 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 69931 | 1 |
0.310 | 313144 | 6 |
0.315 | 3200 | 1 |
0.320 | 78650 | 5 |
0.325 | 26667 | 1 |
Last trade - 16.16pm 21/07/2025 (20 minute delay) ? |
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RXL (ASX) Chart |