I was just saying I thought SPX holders got a very good deal. The resource was extremely high grade at 13.8g/t
BGL another - Market Cap $729m, grade is 11.3g/t and they have $37m cash
Seems like the high grade deposits attract premium valuations. You just have to figure out where RXL sits in all of this and then you can say whether they are over or under valued.
Then you have KZL who today bought the Ashburton Gold Project from NST. Resource of 1.65moz at a grade of 2.5gt, similar grade to RXL but with more oz's. They have $11.8m cash so a EV of $80m
I guess you have to compare RXL to similar projects and see where they sit.
Market Cap Potential, page-50
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $59.05M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $15.38K | 106.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 476463 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 218552 | 4 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |