Zinc price been touted by Macquarie Bank as the first base metal to recover. The 200 day moving average was broken a while ago and prices have been forecast as high as $4,500/t US given that the metal is deemed "finite" and the world is running out of supply.
Another company with world class size and scale just completing scoping study is MCT. Worth watching RXL and MCT as we are likelt to be the zinc equivalent of PLS position in Lithium.
Great to see RXL finally crack it.
Just for interest....
Zinc price been touted by Macquarie Bank as the first base metal...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $163.8K | 1.089M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 368796 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 210000 | 3 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
