RXL is not a better option than roe /rebecca - we agree on that. roe / rebecca will be its own stand alone project replacing EM. Timeline who knows? 3 years is a stretch i think 4-5years mount magnet falls off a cliff in FY27. Maybe eradamus fills that idk - big low grade pits
as m0ngy has pointed, RMS has spend a lot of money on penny infrastructure and they are great at haulage if RMS doesnt do something and production profile drops, then the funds exit. MC plummets etc etc so they have to do 'something'. SPR makes sense as #1 option and RMS owns 17%.
would they pivot into setting up a floatation plant at mt magnet? its a long shot, no one else has done it successfully RXL is the outside chance. Id place 25% probability on it. Dont get your hopes up RXL holders LOL
it's good to discuss these things and lay it out rationally like we are doing here mate. rather than blind echo chambers etc etc. appreciate your pov.
RXL Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
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