RXL 3.33% 15.5¢ rox resources limited

Jack of all trades, page-22

  1. 1,443 Posts.
    lightbulb Created with Sketch. 5
    Love the optimism as a holder,
    But stark reality is that the beaurcracy requires many many approvals, licences,etc
    Further, the Market does not currently like to fund miners given the risk and 1 in 100 conversion rate to positive cash flow so, for an oz mine try 3, more like 5 years
    Still think share qty aside, and ignoring its a cash outflow only business, RXL is terrific value
 
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15.0¢ 15.5¢ 15.0¢ $50.32K 328.7K

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