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4.76%

22.0¢ rex minerals limited

Yes, I noted that RXM had Hogs Ranch, underappreciated by the...

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Geeenius

3,157 Posts.

584

09/04/24

07:46

Post #: 73249825
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Originally posted by arsenic: ↑

Ok, here's the answer to your question.
Say you were the exploration manager of a company that held all the leases owned by RXM and NWC.
The CEO comes to you and asks you we've got a million bucks to spend on Cu.
How would you want to split it?

The answer would be the market cap of RXM is $176m. NWC $100m. That's almost exactly how I've split mine.
Not that it started out that way. The market has brought it to that. It recognizes the risks and returns out there and what people are prepared to pay for.

All IMVHO
As

PS You left out a (perceived) value for Hogs Ranch but the market hasn't.

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Yes, I noted that RXM had Hogs Ranch, underappreciated by the market IMO, which may well yet surprise to the upside. Adds some spice to the RXM stake! ;-)

RXM Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 22.0¢		Change 0.010(4.76%)		Mkt cap ! $168.9M

Open	High	Low	Value	Volume
22.0¢	22.0¢	22.0¢	$726	3.3K

Buyers (Bids)

No.	Vol.	Price($)
5	171061	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	99437	5

View Market Depth

No.	Vol.	Price($)
5	171061	0.210
3	204063	0.205
10	224778	0.200
2	61256	0.195
1	3950	0.190

Price($)	Vol.	No.
0.220	99437	5
0.225	65000	2
0.230	329681	6
0.235	59788	2
0.240	317166	4

Last trade - 10.06am 03/05/2024 (20 minute delay)

RXM (ASX) Chart