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Company Spotlight
Meadow Bay Gold Corp (TSX: MAY)
Meadow Bay Capital Corporation (TSX: MAY) (OTCQX: MAYGF) is a mining and exploration company. Its + Read More
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The Ubika Research Junior Resource stock watchlist
| RX Exploration Inc. (Symbol: V.RXE) |
| Company Name: |
RX Exploration Inc. |
| HQ Location: |
Winnipeg, Manitoba |
| Company Website: |
www.rxexploration.com |
| Shares Outstanding |
111 Million |
| Closing Price (Aug 16, 2010) |
$0.58 |
| Market Cap: |
$64.4 Million |
| Average Daily Volume |
88,700 |
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.
Share Highlight / 1-Year Stock Chart
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Business Overview
RX Exploration Inc. is junior gold exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. RX Exploration Inc.'s strategy is to re-examine mineral projects within North America that have previously reached advanced exploration, underground development or past gold or silver production. The Company is currently focused on its Drumlummon Mine Gold Project in Marysville, Montana.
+ More info
What is interesting?
- The company’s flagship project, Drumlummon Mine Gold Project, is an old gold mine with history of production. It was one of the largest past gold producers in the western USA during 1881 to 1910.
- The Drumlummon Mine Gold is a well developed past producing mine site. It was developed at numerous levels to a depth of 1,600 feet.
- The project site is surrounded by good infrastructure with two shafts, power and year round road access.
- RX Exploration discovered a gold system called Charlyl Vein System and has been conducting exploration at this site since 2007.
- The company can generate cash flow in the near term through bulk sampling that commenced in April 2010.
- The flagship project is in Montana, U.S.A, a stable and mining friendly jurisdiction.
- The project has strong exploration potential. It is characterized by bonanza style epithermal deposit that can produce high grades over large widths.
- A strong management team with experienced professionals managing the exploration and operational activities.
- A strong treasury with $5 million cash and no debt will facilitate exploration plans and can result in short term catalysts.
Risks
RX Exploration Inc. is an early stage exploration company. The commercialization risks associated with mineral exploration and development are high and its prospects for discovering economically viable resources are uncertain. Gold prices can fluctuate and a decline in gold could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although well financed, RX Exploration may still require additional financing. This could result in shareholders’ dilution.
RX Exploration Inc. News
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