Below is the latest timeline from Rox but a lot has changed since this RIU Explorers Conference presentation.. Midway and Youanmi South, with that extraordinary first hit, Bonanza Intercept of 28m @ 34.1g/t Au, are potential game changers. Rox could meet their indicated resource goals in the Scoping Study much quicker than the planned end of this year. With these new discoveries upscaling to 100K oz Au PA would be assured. And with the POG almost AU$500 above the Scoping Study base rate all the metrics from payback period to free cash flow are massively improved. Note also that with a capital expenditure of just $99m Rox can move quickly to get into production once it has completely the feasibility process. Early 2025 is my estimate for first production.
My opinion
RXL Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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