RXL 0.00% 16.5¢ rox resources limited

Love the optimism as a holder, But stark reality is that the...

  1. 1,443 Posts.
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    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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