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3.70%

14.0¢ rox resources limited

Market Cap Potential, page-2

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dsb55

1,270 Posts.

199

23/06/20

13:53

Post #: 45393467
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Originally posted by dsb55: ↑

I was trying to work out what MC RXL might achieve if / when they start mining, so I looked up PNR who are a fairly small JORC resource/ highish AISC producer.

Today their MC is $270 million.

So if RXL has a big JORC and a relatively low AISC what would the market say RXL should be worth.

I realise there are far more sophisticated ways of doing this estimation. But for the hell of it I guess $750 to $850 million. Say $810 million (3 x PNR)

If this is the case the SP would be approximately 45 cents. Assuming no more shares are issued.

Mind boggling. I’d be interested to know if anyone else has done some more rigours evaluation of what might be.

Expand

And IF the market rates RXL like EVN, then the skies the limit. EVN have a MC of $8.9 billion today.

So if no more shares issued ( big IF I know) the SP would be $5.00 or thereabouts

I did this after listening to the podcast AP did with Barry Fitzgerald as Alex seems very determined to take the company to production.

RXL Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 14.0¢		Change 0.005(3.70%)		Mkt cap ! $56.98M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.5¢	$35.74K	259.8K

Buyers (Bids)

No.	Vol.	Price($)
9	492573	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	366795	2

View Market Depth

No.	Vol.	Price($)
9	492573	0.135
4	162699	0.130
3	126518	0.125
1	5000	0.120
1	8704	0.115

Price($)	Vol.	No.
0.140	366795	2
0.145	80086	1
0.150	86902	5
0.155	76667	2
0.160	146473	2

Last trade - 14.21pm 19/06/2024 (20 minute delay)

RXL (ASX) Chart

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