Well Poseidon has a big market cap and its grades are low. Sinclair ex jubilee made a motza out of Sinclair with grades twice as good as Poseidon and similar to Rox. Talisman has just bought the infrastructure for a song and planning to reopen the mine. Nickel prices coming back now over $7.30 lb. Analysts predicting we will be back $8.50 plus next few months heading higher. Nickel is a very profitable operation and these grades put it well into the mineability scenario. Zinc analysts are even more bullish for 2015 and RXL a is set up for that one as well. PLD another company getting ready for the cycle.
Mining sector a bit tough but the value is there in with RXL in two commodities that are predicting to getting back in upward trend. Certainly the spot prices ha e been green most of the week. Copper also looking good.
I think there is a lot of company maker value here that will unfold. when we get a little more confidence back in the sector there will be a rush for the quality end of resources that gives plenty of upside.
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- Rox Resources Initiated at Buy
Rox Resources Initiated at Buy, page-42
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.21M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 693859 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 325235 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 693859 | 0.130 |
6 | 395396 | 0.125 |
7 | 458349 | 0.120 |
3 | 138699 | 0.110 |
2 | 19055 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 325235 | 4 |
0.140 | 668961 | 10 |
0.145 | 353599 | 3 |
0.150 | 299914 | 4 |
0.155 | 105000 | 2 |
Last trade - 16.12pm 05/09/2024 (20 minute delay) ? |
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RXL (ASX) Chart |
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