Burner_7 Post 17/7/12 I don’t usually post to often on Hot...

Burner_7 Post 17/7/12
I don’t usually post to often on Hot Copper but felt like i had to as this is defiantly the best and undervalued copper play in Australia all imo of course (please prove me wrong if you disagree).
m/c of only $133 million @ 71c and $70-$80 million in the bank with no debt and we still have 100% of the project! Taking the estimated cash away we are sitting on a EV of only $63 million!! That’s crazy for such an economical deposit what’s only a stone throw away from a port and other great infrastructure. I know the economy is crap and this being such a big deposit is probably hurting the share price due to the capex to develop such a monster deposit in this environment is hard to come up with but all we need is some news of a off take agreement, take over or Chinese stimulus and boom we will be out of here not to mention the recourse upgrade what will be substantial as we have 7 rigs drilling at hillside atm which are hitting great grades out side the reported JORC resource zones of 217Mt @ 0.7% copper, 0.2g/t gold and 12.4% iron that was last updated almost a year ago!
This has got to pop soon the resource upgrade will be any day now and it will be substantial, increasing grades, tonnage and strip ratio.
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Chestermemate adds now m/c of $17 million @ 8 cents only $6 million in bank
Everyone was so hopeful back almost 4 years ago. Well now it is March 2016 and Rex Minerals still the Largest Undeveloped Copper Mine in Australia . Lately a share price low of 4.5 cents and Market Capital of $9.9M. and still nothing . No interest by any Raiders at such a low price and makes you wonder why. The Directors should start sending updates more often to create some interest. Very disappointing for the long term holders who have been loyal and those Institutions that have contributed so many millions along the way .The commodities are improving a little now and this may help get something moving again.
What is the agenda the directors of this company maybe they should give Rex Minerals some direction and hope would be a good start.