Discussion with Mr Alex Passmore MD, page-46

Ok, there is a lifeline for Roxy....

AP has to sell the nickel asset for whatever $$$ to fund the future activities as well as buy VMC out making Roxy 100%. This would be an immediate BIG tick.

The good news is that they'll probably be able to buy them out cheaper than what they wanted a few months ago, so the recent drill results will actually work in AP's favor.

Once the asset is sold, all the new target areas that Roxy wants to focus on, they can go full steam ahead know they have the cash to do it without any further dilution via a CR.

If there is a CR, (because the nickel deal is delayed or fallen through) I believe it will be disastrous on the SP.

So in summary.
1) sell the nickel asset ASAP!! (cant stress this enough)
2) buy out VMC
3) proceed like a "bat out of hell" with the revised drilling program and get that upgraded/updated JORC out ASAP.

IMO