The Youanmi resource update should be first, probably this week. IMO the market will probably yawn at another big increase in gold ozs but look closely at the restart resource.. Near term production is the key to drive the SP higher and that requires a shallow high grade free milling gold resource to feed the small low Capex 480 Kpta mill. IMO Rox will deliver that resource. The we should get the Scoping Study that will detail how that high grade resource can be profitably mined. Profitability metrics will be decisive here starting with the AISC. The Grace update may be next. It should better define the Grace resource by way of converting inferred gold ozs to indicate and measured categories. Along the way and at any time we should get the the exploration results from Fisher Gold and the regional drilling.
RXL Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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