RXM 0.00% 45.0¢ rex minerals limited

The return on a project is irrelevant to getting funding is...

  1. 1,138 Posts.
    The return on a project is irrelevant to getting funding is it?
    LOL
    Comparing WPL Browse to this is ridiculous. Anyone would balk at a $45B capex. I think you'll only find if you do some research that the IRR is not that impressive.

    "I am not aware of any bank lending 4 times the market cap of a company to build a resource project. If you are aware of any, please let me know. "

    That's because invariably as you build a resource and get a BFS out on a solid project tour market cap increases. That's how you go from explorer to developer.
 
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