RXM

0.00%

46.0¢ rex minerals limited

PEPR Decision Time, page-69

First 69 Last

Share
Profile

Follow
mwhite1

1,798 Posts.

84

22/02/19

15:29

Post #: 37533803
Share

Originally posted by Jongerd: ↑

I have taken the liberty of printing out one of the most important Rex forum posts to date from ynotinvest regarding Rex's potential value.

-----------------------------------------------------------------------------------------------------------------------

"lol. let's hope it's NOT the latter, eh. What really gets my hopes up and clinging to this stock is this slide from the investor presentation:

so based on the above, at $36.4m market cap, a pound of RXM's copper in the ground was worth US0.008. As of today, the market cap is $22.4m (which includes, say, $4m in cash), so that same pound is worth only [(22.4)/36.4] x 0.008 = ~US0.0054 per lb.

Other producers' copper is worth between $0.07 to $0.40 per lb of cooper in the ground (average of US$0.13/lb).

Even if we can get the bottom of the range, our market cap should increase 12.9 times (0.7/0.0054) which gives this company a theoretical market cap of $290m ($22.4 x 12.9) or $1.01 per share ($290m/287m shares on issue).

If we can get the average of the range, the market cap should increase 24x to $539m or $1.88 per share..."

----------------------------------------------------------------------------------------------------------------------------------------------------------------------

I could never understand why this post reminding us of Rex's potential did not attract more Upvotes and comments - surely not everyone is as slack as me?

If we are near to PEPR approval and if Cu price continues to climb to US$3 lb (and above) then ynotinvest's post might just be on the money. Remember he (or she) is talking about Value ofResource in the ground.Note the two "ifs"!!!!

(I went back to his post and made sure that I had given it an Upvote, this action I recommend to all.)

Expand

don't forget the iron ore and gold

RXM Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

There are more pages in this discussion • 6 more messages in this thread...

First 69 Last

Add RXM (ASX) to my watchlist

(20min delay)
Last 46.0¢		Change 0.000(0.00%)		Mkt cap ! $360.3M

Open	High	Low	Value	Volume
46.0¢	46.5¢	46.0¢	$380.4K	826.7K

Buyers (Bids)

No.	Vol.	Price($)
28	10978817	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	13906852	62

View Market Depth

No.	Vol.	Price($)
25	9967756	0.460
5	555465	0.455
3	4120	0.450
1	42211	0.445
3	87749	0.440

Price($)	Vol.	No.
0.465	10495332	57
0.470	4629656	22
0.475	1088445	6
0.480	61650	5
0.485	11200	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

RXM (ASX) Chart

PEPR Decision Time, page-69

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PEPR Decision Time, page-69

Top Stories

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News