Why is RXM so cheap, they have a market cap of $123m and cash of around $59m at end of September 2012.
They have one of Australia's largest undeveloped copper projects targeting 70,000t pa copper, 50,000oz gold and 1.2mt iron ore forecast to make $710m revenue pa. they are looking at commencing production in 2015.
They have 2mt Copper, 1.7moz gold and 44mt Iron ore Fe. Any way you look at it thats a great resource. Rex is currently valued at $2,100t while SFR is valued at $18,000/t
Oz Minerals $23,600t and CDU $35,100/t
The projected cash costs for RXM's Hillside project is $1.20/b copper which is inline with SFR and OZL.
DYOR
Why is RXM so cheap, they have a market cap of $123m and cash of...
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