You need money to dig the ore up out of the ground and 3.9m isn’t going to be enough even the get the plant up and running at youanmi. They either sell an asset like they did to teck or go with a JV partner to free carry them or capital raises or some form of finance we will see. But you need to be realistic there going to need more cash somehow. How they get it we will see.
WHY RXL is the best positioned gold and nickel junior, page-23
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $84.57K | 658.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1100484 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 786667 | 4 |
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| RXL (ASX) Chart |