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13.0¢ rox resources limited

Ann: Quarterly Activities and Cash Flow Reports - June 2023, page-17

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kyngdominion

2,402 Posts.

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24/07/23

14:23

Post #: 68947633
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Originally posted by m0ngy ↑

Solid quarterly from Rox, 2 new discoveries Paddy’s and Midway and consolidation with Venus are the highlights.

Much more to come on Paddy’s with Rox noting that the newly discovered mineralised lode is a demonstration that high grade gold mineralisation continues under cover south of the historic Youanmi mining area. Rox will be exploring here soon with another Penny on the cards.
Some dilution needed to gain 100% but Rox added more than 1m ozs of gold in the deal. With an AISC margin of $1000 that will be worth at least $1B when Rox get into production, About 3.5m ozs of gold is now owned by Rox including an outstanding high grade Deeps resource of 657,900 ozs @ 8.48g/t. No way will a resource of that size and grade not be mined especially with the buoyant pice of gold.
Next up we will get the results of the IP Survey to identify the next targets for Paddy’s Lode and Midway.
An exploration plan will cover Paddy’s, Midway, targets South of the Younami main lode, Linda Gossan, and the regional targets such as Sovereign that have high grade hits and now more attractive to follow up following Rox moving from 50% to 100% ownership.
Eureka is being prepared for an IPO imo. It has a long basal contact from Cannon’s tenure onto the Mt Eureka Nickel Project tenure with numerous ultramafic flows with Ni-Cu-PGE anomalism throughout. The value of the IPO with Rox holders getting free shares in the new company is likely to be around $30m. Q4 is likely the launch date.
Some notes re silly comments on this thread. Rox is not currently drilling and it is drilling that is expensive, the company is surveying, analysing and planning its next steps (all inexpensive). Following the IP Survey results and an exciting exploration program, the next cash raise will offer a small discount or perhaps none at all.
Rox is headed for an upscaled production of at least 100,000 ozs of gold per annum at which point the market valuation of the company will be many multiples of its current MC.

my opinion

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What happened here may I ask...
you were calling a substantial rerate Mid May and it was a top....

https://hotcopper.com.au/threads/an...uanmi-south.7262251/page-201?post_id=67489546

Its down 35% from that call..
Did something happen to RXL?

RXL Price at posting: 26.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Quarterly Activities and Cash Flow Reports - June 2023, page-17

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Ann: Quarterly Activities and Cash Flow Reports - June 2023, page-17

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