RXL 3.13% 16.5¢ rox resources limited

Rox's conservative and credible Scoping Study, page-81

  1. 10,075 Posts.
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    You should contact Venus and let them know that they have a much better deal than they are aware of.
    I spoke to Kumul today (gen manager) and he said Venus's development cost by way of a loan from Rox ups up to the time of a decision to mine.
    From that point on costs are 30/70. Kumul sees no problem for Venus to fund their 30% Capex.
    So Rox will not be paying Venus's share of the Capex.
    Kumul also mentioned that Venus has a gold royalty 0.7% I think he said.

 
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