RXL 1.67% 15.3¢ rox resources limited

Hi Wasa Sorry, I did mean Q3, second half of the year No, at the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 35 Posts.
    Hi Wasa
    Sorry, I did mean Q3, second half of the year

    No, at the moment they dont have funds at hand but there is a resource as I said of 100 000t at 10.1% , combined with the further resources totalling 3.6Mt
    They are planning to mine the higher grades first and one possible scenario (IMO) could be to start on Toll case first , mine the high grade and then invest profit in a processing plant.... would probably get enough to build it from that first 100 000t alone (10%Ni)

    They would then only need to raise funds in the beginning to build mine and infrastructure .... $20M

    This seems like the obvious thing to do..... IMO ....especially if resources are expanded and increased as expected.

    As to raising the funds, not sure how but IMO it shouldnt be difficult given the resource available



    The current CR is $3M which should see them through till end of year and allow them to purchase the options on expanded areas.

    have a look at the Bell Potter scoping study , and the Breakaway Research March update as well as the investor presentation.

    They show cost projections on either a Toll case or a Base case scenario. Base case has a higher cost of the processing plant built in at a total of $85M

    Mining costs have been estimated at $207 t . The investor presentation also states mining costs at about the same level as other miners.
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
15.3¢
Change
0.003(1.67%)
Mkt cap ! $57.48M
Open High Low Value Volume
15.0¢ 15.5¢ 15.0¢ $3.3K 21.86K

Buyers (Bids)

No. Vol. Price($)
6 475702 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 245167 6
View Market Depth
Last trade - 11.55am 29/11/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.