RXL 9.43% 14.5¢ rox resources limited

Rox game changers

  1. 10,075 Posts.
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    1 Rox upscales production in its PFS to 100,000 K oz gold PA

    With only 20% of the 3.2 million oz gold resource currently included in the Scoping Study this very possible and is a key aim of the company. It will change every metric starting with the increasing the cash flow to over $120m PA.
    The market valuation of Rox is only $65m.

    2 New near mine discovery Youanmi South with a first hit at 28m @35 g/t could power Rox to an instant multibagger if the discovery has width at bonanza grade. New drilling results in a couple of weeks

    3 Midway is another exciting very high grade gold discovery with potential to transform Rox. Drill results known soon.

    4 A price of gold over $3,000 oz auis also transformative, it dramatically improves the metrics of the feasibility studies and makes it easier to get the capital to build the mine.
    5 Lynda Gossan with a very high grade gold long intersection first hit right from the surface is a compelling new find with the characteristics of potentially large discovery. It that will be drilled this year.


    Fair value? IMO Rox should be valued at more than $100m right now.
    My opinion

 
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