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
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $216.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12515 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 3700 | 1 |
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| Last trade - 09.34am 01/07/2025 (20 minute delay) ? |
| RXL (ASX) Chart |
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