Let's compare two similar sized resource companies operating in...

Let's compare two similar sized resource companies operating in the same jurisdiction and at a similar development position:
• RXM has a mining lease and an extensive exploration profile.
• WPG which will have a mining lease shortly for Tarcoola and an extensive exploration profile and now owns and operates the Challenger gold mine it bought last month.

The chart below shows their relative performance over the last ten months. WPG is the black line, RXM the bars.

WPG’s management has been able to add value to shareholders by progressing through to (likely) becoming cash generating with a very lean, very focussed management team. They have achieved this improvement with an Administration expense averaging $374k per quarter, half of RXM’s Administration expense which is averaging $731k per quarter.