Australia's largest stock trading and investment forum Australia's #1 stock forum

RXL

Click for more information

3.23%

16.0¢ rox resources limited

How RXL Compares to AUT?, page-39

First 39 Last

Share
Profile

Follow
the flow

3,480 Posts.

497

05/07/20

22:41

Post #: 45657098
Share
Originally posted by m0ngy: ↑

The problem with AUT is the depth of the gold, much of the resource is very deep some over 1000m and that means very expensive underground mining and high AISC. The cut off used in calculating the JORC is too low. At a cut off of 5 g/t the JORC goes down to 7,800 oz au but gold at 1000 m deep is barely economical to mine at 5 g/t. Even the company has doubts about whether the resource can be mined:
Auteco considers that the mineralisation has a reasonable prospect of eventually being mined.About 500K au is economic to mine. That's about the same as the gold oxide equivalent in our Younami Deep high grade portal.
The word eventually is significant, AUT will need a very high CAPEX mine for the deep gold. $150m CAPEX to mine 500K Oz au?
They will need to double that JORC to find finance or a JV partner.
AUT market cap is $200m, RXLs is just $163m.
Let's revisit the market caps in a few weeks time.

Expand

good post mongy ,and good information for youanmi

hold for gold hold rox
RXL Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
10 Upvote

1 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

OD6

OD6 picks up high-grade VMS targets through modelling work at Gulf Creek

Trump is President Again: What Does This Mean for Crypto?

XF1

Job ad player Seek to acquire Xref for around A$41M – not much higher than current worth

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

First 39 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $63.64M

Open	High	Low	Value	Volume
16.0¢	16.0¢	16.0¢	$25.33K	158.3K

Buyers (Bids)

No.	Vol.	Price($)
4	240303	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	199404	4

View Market Depth

No.	Vol.	Price($)
4	160344	0.165
2	131250	0.160
3	74230	0.155
5	596733	0.150
14	740240	0.145

Price($)	Vol.	No.
0.155	57746	5
0.160	102599	4
0.165	185000	3
0.170	76000	2
0.175	55000	1

Last trade - 10.06am 14/11/2024 (20 minute delay)

RXL (ASX) Chart