RXL 6.25% 17.0¢ rox resources limited

Ann: Midway Emerging as a New High-Grade Gold Discovery, page-15

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  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Yes and that could be right but remember that Rox is now attempting to win back investor support by underpromising and over delivering ie doing exactly the opposite the company did under AP.
    You can see that in todays Ann:
    Exploration and resource drilling at the Youanmi project is proceeding ahead of schedule with 6,434m completed of the planned 23,000m drilling program.
    Rox has provided us with a conservative timeline but they are going hell for leather to deliver quicker and better.
    That means PFS and FS this year based on a bigger indicated resource or measured reserve with production at 100K oz Au (concentrate equivalent).

    My Opinion
 
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