RXL 0.00% 12.5¢ rox resources limited

Paddy's Lode, page-45

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Bellevue is now a $1.53 Billion dollar company, Rox is $120m post consolidation.

    But the comparison is valid imo.
    This is Bellevue (then DRG) before the big discoveries. (note the MC).

    https://hotcopper.com.au/data/attachments/5325/5325447-7997378dc1264d5806be7442eef9cea4.jpg

    After 40 years of neglect DRG geos focussed on structure. They worked out that Bellevue gold is associated with pyrrhotite that can be picked up using magnetic surveys. This is how they found the Tribute Lode and how Rox discovered Paddy's. Both Tribute and Paddy's Lode are offset from the main lodes by faults.

    https://hotcopper.com.au/data/attachments/5325/5325454-84e02f2576e2425a0c8716415551601a.jpg

    The Rox success story is in only in its infancy.
    A MC of $1B + within 3 years is highly likely imo.

 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.