...Oh, and meanwhile, Rox' Youanmi Project, located right next door to G88's extensive Yuinmery ground, comes ever closer to fruition:
Rox Resources (ASX: RXL) expects to deliver its Youanmi gold pre-feasibility study (PFS) by June with their Western Australian project now looming as one of Australia’s most promising gold developments.
Located near Mt Magnet, Youanmi now has a total mineral resource estimate (MRE) of 2.3 million ounces at 4.4 grams per tonne gold.
This new MRE also delivers a 20% increase in the indicated resource category, which now stands at 1.56Moz at 4.5g/t.
In addition, the Youanmi underground indicated resource is up 48%, to 1.1Moz at 6.1g/t, an increase from the previous 359,000oz estimate.
Rox managing director Robert Ryan said various studies including metallurgy, geotechnical, mining, environmental, infrastructure and hydrology are well under way.
“While we expect the PFS will confirm Youanmi to be a long-life asset, we see tremendous potential for future growth,” he added.
This is backed by the “significant” near-mine exploration targets. (from a recent Small Caps article)
That's got to have positive implications for the value of surrounding tenements, particularly if Rox intends building its own mill and other infrastructure (makes the district generally more economic) - and indeed, particularly if the surrounding ground contains "significant near-mine exploration targets" such as G88 has within its whopping gold-in-soil anomaly at Yuinmery, where we have already seen a first-pass flash of the colour at Pirates Patch:
What I'm coming to is ...collectively, the value of G88's 'passive' assets - its KIN JV ground at Cardinia (where a multiplicity of favourable VHMS horizons have been newly identified), its massive Yuinmery gold-in-soil anomaly so close to Rox' likely soon to be developing operations ...just the shell value of G88 as a going-concern listed Company! ...easily - easily - account for the Company's present miserly Market Cap.
But then over and above all that there's our flagship Quicksilver Project.
