Ann: Commencement of Drilling at the Youanmi Gold Project, page-10

I agree with the part of your post that I hi noted Alex Passmore too much.
He had no track record as a CEO and I made too many optimistic assumptions.
But Ryan has a real life enviable record, he was MD of Bardoc and under his leadership it was a 5 bagger $30m to $150m
Some Bardoc holders have followed him to Rox
Bardoc had a gold concentrate project just like Youanmi.
He is well respected in the WA mining industry.
But let's examine your other claims.
DD drilling is $350 m on the scale Rox is doing it.
Not all drilling will be DD, some will be RC which is 40% cheaper.
The drilling will cost in the range of $5m to $6m,
That is less than half the cash on hand now with sales of Fisher and Eureka to come
Rox will not need to do a CR this year.
And yes Punter RXL is not producing gold bars. It's concentrate pathway to production is very smart and cheap.
I can't see any other junior coming into production with such low pre-produiction costs.
So I agree with you on the hi noting of AP but Ryan has a very good track record in the mining industry.
On the CR this year claim and gold bars I think you are wrong.

My Opinion