RXL 7.69% 14.0¢ rox resources limited

Ann: 5,000m RC exploration drilling program underway at Youanmi, page-6

  1. 3,025 Posts.
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    I noted with interest that AAR reported a Scoping Study with a sub 12 month payback period. They have a fraction of the resources of RXL. Could the 2024 PFS, with a $3k/oz + POG assumption come in with a 6-12 month payback period?

    I have a strong feeling that these cheap gold stocks are not going to remain cheap for much longer. They are becoming very low risk financing options due to rapid paybacks or compelling takeover targets for the larger players who are generating large cash piles.
    Last edited by smartdude: 25/09/23
 
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