You are dead wrong here Punter. Rox is a very different company with Rob Ryan as MD and he has already shown his deep experience and commitment to under promising and overdelivering, Here are some predications that you are welcome to remind me of if I am wrong. Inferred to indicated drilling will start very soon and Rox will go hell for leather to complete this part of the PFS. Multiple rigs will be deployed, probably 3 or 4 (Rox can afford to spend a million+ a month) Multiple PFS studies will be concurrently carried out starting very soon, Rob Ryan allows 6 months for the PFS but imo will deliver in 3 - 4 months. The PFS will show much improved metrics compared with the SS. Its base case will be a POG of AU2,600 oz au which will deliver compelling outcomes. The FS will be complete by early Q3 and the DFS by Q4 imo NO credit raising or dilution will be needed to produce the feasibility studies. At the end of this year Rox will be looking for finance and with such a low Capex for its Youanmi project it will have no trouble finding it. Hawke's Point may well fund the preproduction costs. If Rox can achieve the above milestones we cn expect the SP to take off in line with the derisking. Double the current SP with the early delivery of a robust PFS? Very likely imo and that is just the start. Rox should be a $100m company by the end of this year imo Let's see what happens Punter.
My opinions DYOR
RXL Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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