RXM 2.97% 26.0¢ rex minerals limited

RXM Breakout - 38c next stop, page-70

  1. 142 Posts.
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    Not Malmanu (obviously) but in his last video Richard said that we are currently valued at 2c per lb of copper in the ground and that it costs about 7c to discover and between 7c and 10c to buy. If you assume those statements are current then, the price is anywhere between $1.29 and $1.85 per share? someone might want to double-check that because I might have misunderstood him.

    That's probably understated because assumes that the value of Hogs Ranch, the farmland and the $5m in the bank is valued at $0.
    Last edited by ynotinvest: 14/05/21
 
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