A Rox re-rate is coming, page-2

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03/05/21

21:26

Post #: 52908189
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Originally posted by m0ngy: ↑

Is a Rox re rate near?

Last time there was no warning, not a hint of it, the charts did not reveal what was coming. Then Rox’s share price exploded (see below).

Fundamentals are now aligning to support another re-rate.

Rox has now confirmed that there will be a JORC ann very soon, in this Quarter.

A team of very competent geologists has been assembled to work towards the JORC and DFS. Hawkes Point are involved in everything that is happening.

The JORC is a likely re-rate trigger.

Hawke’s Point’s due diligence included resource modelling and JORC estimation so we can be confident that the JORC will be impressive.

A Grace and near mine JORC of around 300K oz au will be worth at least a Penny Project, around double Rox’s market cap.

Rox’s statement thatthe company is trading at half of the average to its peers in the gold development space seems well founded.

Canaccord Genuity’s recent research outlines multiple pathways to production and puts a 10 cps price target on Rox.

Rox has strong potential to be a cash cow within 24 months.

Canaccord see Rox producing 80 kozpa for 3 years (more with new discoveries) with an AISC of just $700 oz au (Cf RMS at $1,370 oz au).

At the current gold price of AU 2,300 oz au that comes to $128m PA
At a likely 4 years of production Rox will generate around $500m of profits.
The company is currently valued at just $85m.
Rox appears to be very undervalued.

A re-rate is on the cards imo.

Expand

when is the re rate coming?

2021
2022
2023
2024
2025
2026
2027
2028
2029
2030

RXL Price at posting: 3.6¢ Sentiment: Sell Disclosure: Held
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