I agree with what Jongerd wrote. And thanks, Troff for posting that. I was confused when Troff's original post went up on the 22nd. It looked like words had een copied from a professional report. It didn't make sense until the PDF was posted today.
This highlights exactly where I struggle with Rex. It's my own complete ignorance, and lack of financial literacy and experience with junior mining stocks.
We have a certain amount of shares on issue (which has increased recently). Hillside is worth X amount. Hog's Ranch is worth X amount. There's a cost to build Hillside, and the potential return varies according to the copper price. We've got an amount of cash in the bank. RXM is talking about selling a percentage of the Hillside project. Possibly more shares issued in the medium term, which dilutes my holding further..... I just haven't got a clue even how to calculate a sum of the parts figure, or how much per share we're likely to be earning once a mine is fully operational (or potential dividends per share, after a major partner takes its cut).
So I am grateful for research like this, and for the opinions of people here who actually know something about the topic at hand.
It's difficult being invested in a junior miner/developer in that unlike, say, BHP or CBA, there is not much actual authoritative information out there to form a foundation of my knowledge on the issue.
Thanks again, Troff, and others here who add to the knowledge of small, novice, retail investors.
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $356.3M |
Open | High | Low | Value | Volume |
45.5¢ | 45.8¢ | 45.0¢ | $1.185M | 2.606M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1062823 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 2171318 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1062823 | 0.455 |
25 | 14128245 | 0.450 |
3 | 114611 | 0.445 |
8 | 227705 | 0.440 |
6 | 403970 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 2171318 | 23 |
0.465 | 1507172 | 11 |
0.470 | 3162439 | 23 |
0.475 | 1061900 | 5 |
0.480 | 18950 | 3 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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