I guess thats why they reported ZINC+PB because they dont have the process the separate the two. Im sure Glencore wont show them.
Anyhow Vale will end up with 70% if they spend another 11m dollars drilling . Based on RXL's market cap this project is valued around $120m so far. If the zinc price improves and its economic mining at 1000m in a far flung location then its probably worth much more.
McArthur River mine is going to be a monster and like Macquarie mentioned in that article new mines will place pressure on supply again in a few years. The five year Zinc warehouse supplies are still near 5 year highs.
I guess thats why they reported ZINC+PB because they dont have...
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Last
15.0¢ |
Change
0.015(11.1%) |
Mkt cap ! $61.58M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 15.0¢ | 13.8¢ | $815.3K | 5.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 448762 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 244410 | 5 |
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| RXL (ASX) Chart |