Mate that is the same with just about any spec mining stock you invest in. It does not mean it can't be valued now on the future cash flows.
have a look at 88E, they have a hole in the ground of 50 cm wide and have some good oil prospects there. Its valued at $200m or so. Years to production and probably will be bought by a large player. Same road for RXL, I believe. Ask your self the question is the discovery/holding by RXL worth $34m for 30% of the largest deposit in the world? ......Right!
Mate that is the same with just about any spec mining stock you...
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.8¢ | 15.0¢ | $92.95K | 602.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 121212 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 356030 | 5 |
View Market Depth
| Last trade - 11.47am 25/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
