The OFS outlines a robust project with an 11-year mine life for Stage 1. The Ore Reserve supports a significantly
longer mine life of 20 years. The Mineral Resource is substantially larger and, if converted to a Reserve, could
support a mine life of some 30 years. The company has completed a PFS on Stage 2 (details not released
publicly). We have assumed that Stage 2 will be executed and will begin production in FY2032. The project also
has strong exploration potential.
FID is targeted for mid-CY2024, and RXM is only looking to introduce a partner if it will enhance the project’s
value. We assume that RXM will sell 40% of the project for 75% of RXM’s NPV valuation of Stage 1 (allowing the
partner to participate in Stage 2 upside) and that, going forward, RXM will own 60% of the project.
Based on the existing Ore Reserve and using the production profile defined under the OFS as well as our own
assumptions on the Stage 2 project, we model a combined mine life (Stages 1 and 2) of 25 years. Given the
scale of the existing Mineral Resource, further mine life extension is probable at Hillside; however, we have not
taken that into consideration in our valuation of RXM.
- Forums
- ASX - By Stock
- RXM
- RXM 2024 General Discussion
RXM 2024 General Discussion, page-2
- There are more pages in this discussion • 222 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $188.1M |
Open | High | Low | Value | Volume |
24.0¢ | 25.0¢ | 23.5¢ | $364.8K | 1.518M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22164 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 109271 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22164 | 0.240 |
2 | 116665 | 0.235 |
6 | 192873 | 0.230 |
4 | 145444 | 0.225 |
7 | 282768 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 89271 | 2 |
0.250 | 222966 | 6 |
0.255 | 50000 | 1 |
0.260 | 12021 | 1 |
0.270 | 49150 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
24.5¢ |
  |
Change
0.005 ( 2.25 %) |
|||
Open | High | Low | Volume | ||
24.0¢ | 25.0¢ | 23.5¢ | 656001 | ||
Last updated 15.48pm 10/05/2024 ? |
Featured News
RXM (ASX) Chart |