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2024 will be the year for gold/silver. My targets are USD2300 (AU3409) for gold and $50 for silver, and I expect those targets to be exceeded by the end of 2024.
Rox’s Scoping Study has a gold price assumption of AU2,450, almost $1000 less than the POG in Q4 next year. In 2025 when Rox is likely to start production at Youanmi the sky high price of gold in AU with a supercharged AISC margin is expected to generate a very large free cash flow.
Ann: Investor Presentation - 2023 Annual General Meeting, page-53
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