RXM 1.06% 46.5¢ rex minerals limited

It's an interesting concept chyka, and one I've thought about....

  1. 420 Posts.
    lightbulb Created with Sketch. 52
    It's an interesting concept chyka, and one I've thought about. The government could approach the investment in a few ways and benefit massively from it.

    The GST, payroll & flow on effects just from construction would be huge. Factor in a royalty & 900 full time jobs for 15 years and you have a winner.

    How could the investment work? Perhaps a small equity stake attached with a government backed loan (low rate). Could raise $125m easily, and the state would recoup within 2-3 years.

    Other options, reduced royalty regime (like they struck for Olympic Dam), investment in the port and surrounding infrastructure )lowering our caper but improving the region.
 
watchlist Created with Sketch. Add RXM (ASX) to my watchlist
(20min delay)
Last
46.5¢
Change
-0.005(1.06%)
Mkt cap ! $371.1M
Open High Low Value Volume
46.5¢ 47.0¢ 46.5¢ $581.3K 1.246M

Buyers (Bids)

No. Vol. Price($)
20 25808492 46.5¢
 

Sellers (Offers)

Price($) Vol. No.
47.0¢ 12560171 46
View Market Depth
Last trade - 16.10pm 15/10/2024 (20 minute delay) ?
RXM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.