Your mention of Calidus Resources ties in with RR’s chat- non refractory gold operations can fail. I have not followed the Calidus story but had a brief look out of interest:
- low grades.
- painfully slow ramp up.
-out of the money hedging
This compares to RXL having:
- high grades.
- access to a significantly higher gold prices than those companies that hedged more than a year ago.
- realistically, very high operating margins will be earned on the high grades processed.
- realistically, lower capex commitments than alternative companies meaning faster debt repayment ability.
Your mention of Calidus Resources ties in with RR’s chat- non...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $57.21M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $38.93K | 271.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 188823 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 277740 | 3 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |