The Scoping Study should re rate the share price and allow Rox to attract insto investors at a higher share price.
The Study will demonstrate that Youanmi can be profitably restarted with a good chance of getting the Capex funding imo.
The Study should also provide a pathway for a near term cash flow. For impatient retail investors that cash flow will be a significant near term share price driver. Even an early cash flow as low as $50m in the first year of operation from mining the pits from Q4 next year is close to the entire market valuation for the company.
These are challenging times to be starting a gold mine with soaring costs and labour shortages but the longer term prospects for Youanmi are excellent.
2.2m ozs Au @ almost 7 g/t is a standout.
- Forums
- ASX - By Stock
- RXL
- Rox's low Capex opportunity to start mining
Rox's low Capex opportunity to start mining, page-21
-
- There are more pages in this discussion • 172 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXL (ASX) to my watchlist
|
|||||
Last
13.5¢ |
Change
-0.003(1.82%) |
Mkt cap ! $54.95M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $88.74K | 649.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 710323 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 246160 | 0.130 |
3 | 123518 | 0.125 |
1 | 5000 | 0.120 |
1 | 8704 | 0.115 |
2 | 105909 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 710323 | 4 |
0.145 | 323682 | 5 |
0.150 | 31585 | 5 |
0.155 | 50000 | 1 |
0.160 | 76240 | 1 |
Last trade - 15.46pm 21/06/2024 (20 minute delay) ? |
Featured News
RXL (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online