Canaccord Genuities have released new research on Rox which is in line with the the company's current direction as explorer/ developer.Valuation and recommendation: We maintain our SPECULATIVE BUY recommendation and price target of $0.60.
Highlights: Paddy's Lode has a strike length of at least 200m with more drilling underway. The latest diamond drilling is more representative of the true width of the lode which RR has described as between 3 and 8m, similar to Penny West, Penny North and the Youanmi Main Lode.
Pyrite and arsenopyrite sulphides are present in abundances of 1-2% and up to 5%, suggesting less benign metallurgy. However this is easily manageable and falls under the Chinese import tax threshold at 6%
https://roxresources.com.au/wp-content/uploads/2023/05/230516-Revised-Estimates.pdf
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $203.3M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.3¢ | $291.9K | 1.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 134331 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 130890 | 11 |
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| Last trade - 14.17pm 25/06/2025 (20 minute delay) ? |
| RXL (ASX) Chart |