RXL 3.23% 15.0¢ rox resources limited

Tomorrow price?, page-35

  1. 609 Posts.
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    Kate, feasibility, zinc prices, charting and market cap conversations are the focus of the threads so far and it's all valid to talk about.

    However, how is the financial health of Teck? Could they actually progress anything with this resource given their profits and balance sheet are under some stress. I note they just sold over billion $$ in notes at 8/8.5% (replacing old debt that was priced at under 4%). That's a pretty big interest rate (risk premium) for raising debt so would be hard to see them commit funds to a new mine at this time.
    Also couldn't see them making any big announcements on this "find".

    Just trying to think a bit bigger picture. I agree that this all looks pretty fantastic but even the best opportunities by the biggest players are struggling to get up.

    Thoughts?
 
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