A Scoping Study is underpinned by a solid resource so with both the Study and the Resource Upgrade due this quarter it makes sense for the upgrade to be announced first.
Rox tweeted the following today.. a hint I would think that the resource upgrade will be very strong. . An excellent outcome would be 3.5M oz au but the grade will be just as important. Most of the drilling has been near surface so the Deeps at 9,900,000 @ 6.89g/t for 2,194,000 oz Au may not have changed But the near surface which was 18M t @ 1.7g/t for 1,004,000 oz Au may well have jumped both in gold ozs and grade + strong conversion from inferred to indicated and measured.
Rox is bigger than RMS now and approaching half the size of DEG's monster resource (see below) and Younami has a much higher grade than both. Compare the market valuations.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 521631 | 13.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 521631 | 0.130 |
10 | 977146 | 0.125 |
8 | 1543726 | 0.120 |
3 | 67408 | 0.115 |
3 | 36700 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 7922 | 1 |
0.140 | 249694 | 3 |
0.145 | 65000 | 1 |
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0.160 | 21774 | 1 |
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