Rox the 3m oz gold bet, page-126

There is no way that Rox will flip the Youami Project. They are hell bent on bringing it into production. Soon they will sell off their non core assets Fisher and Eureka to add to their cash to rapidly push Youanmi forward. With plenty of cash we can expect to see multiple rigs on task to convert inferred to indicated ozs. Rob is conservative with his 6 month timeline drilling, imo 3 months and then the PFS by mid year.
I agree that a lot of the AP imminent production hype with DFS this quarter and building a mine next year was rubbish.
But we have a new MD now and he has insisted on a completely new approach from Rox.
The new mantra is underpromise and overdeliver.
DFS by Q4 2023 or Q1 2024 is likely imo. That could see Rox in production by the end of 2024.
Look at BGL, a better resource than Youanmi fully derisked and on the cusp of production but the market valuation is almost $1.2B and RXL is just a tiny fraction of that at $37m. Near term kickers for Rox are likely to be shorter timelines afford by the cash inflow, metallurgic results, revised operational plan, drilling anns and the sale of Fisher/Eureka in which Rox is likely to retain a royalty.

My Opinion DYOR