RXL 3.13% 15.5¢ rox resources limited

if they hit 8% next door at KGL where we have hit 6% copper that...

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. 14,254 Posts.
    lightbulb Created with Sketch. 323
    if they hit 8% next door at KGL where we have hit 6% copper that must be a pretty decent resource underneath

    which means our market cap is undervalued at 22m by at minimum $10-20 mill and thats without the zinc

    not all that great at the fundamental side mind you but thats what comes to mind pretty quickly

    Kentor Gold (ASX: KGL) has since found extensive copper sulphide mineralisation at Jervois beneath the surface copper oxides and there is no reason to think it will be any different at Bonya. The current mineral resource at Jervois is 11.9 Mt @ 1.3% Cu and 25 g/tAg (KGL ASX announcement), and we believe this could be substantially increased based on recent drilling results released by KGL. The comparison to Bonya is very strong, which is what excites us about this project. (3 yrs ago)
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
15.5¢
Change
-0.005(3.13%)
Mkt cap ! $57.48M
Open High Low Value Volume
16.0¢ 16.0¢ 15.0¢ $135.9K 868.2K

Buyers (Bids)

No. Vol. Price($)
17 1088851 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 89486 7
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.