In March 2011 OZL paid 250 mil $ for Carpenteerer. A deposit...

In March 2011 OZL paid 250 mil $ for Carpenteerer. A deposit under 450m of rock in the middle of no where, with limited drilling indicating 1% copper and around 2.5mil ton of copper with some iron and gold. Now RXM is valued less than 120 mil with almost 2.5mil ton copper at an average of around 2% with gold and high grade iron, 25 m below the surface, 12 Km from port and with easy access to workers. RXM has spent almost 90 mil defining the deposit and is about to release a PFR. RXM has 65 mil $ in funds in the bank. RXM may fall in this market but in the end this is a deposit that will become a great mine and reward the long term holders.