RXL 0.00% 15.0¢ rox resources limited

Ann: Youanmi Near-Mine Prospects Continue to Deliver High-Grades, page-152

  1. 10,075 Posts.
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    Rox is way undervalued imo. In its first year of production the restarted Youanmi mine should earn more than its current market cap.
    But that's in 2023, not this year, as was promoted by the company last year before the spike in the SP.
    So investors now are looking at a long haul to the big price drivers around derisking the restart.
    Retail investors appear to be very short term players these days. They want to be in on the discovery pump where they multibag in months not years.
    Of course, most don't get the pump because there is no discovery or get the pump but also the dump.
    I'm holding long term and looking forward to the upgraded JORC early next year along with all the drilling results from the 5 rigs at Youanmi and regionally. I'm not expecting a massive improvement in the SP this year but 60- 70 cps seems very achievable and more reasonable. I also wouldn't be surprised if the Red Bluff campaign turns up a major discovery or the regional drilling between Penny and the Younami mine finds another Penny.
    I see Rox as a low, rather than high risk, investment with excellent prospects down the track and always the chance of a major discovery.



 
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