2.2m high grade ozs of gold at Youanmi or anywhere else in WA will be mined
There are bigger resources not yet in production, DEG is a monster but low grade refractory ore.
The DEG capex is likely to be around $1B no matter what the company says.
Any large resource not yet in production will struggle with Capex and more miners with low grade ore will be making announcements like Ducian Gold
“In light of the current high inflationary environment, the Board has taken the decision to reset the Company strategy by discontinuing the current open pit mining operations at Mt Morgans. In doing so we are pivoting to exploration and a focus on the significant potential we see beneath and alongside the Jupiter open pits.
The top tier miners are looking for struggling low cap companies with large resources to TO them.
Genesis Minerals (GMD) is set to acquire fellow ASX-listed materials stock Dacian Gold (DCN) through a conditional off-market takeover offer with an implied value of $111 millionGenesis Minerals believes merging with Dacian Gold would consolidate their high-grade resources and offer a clear pathway to becoming a mid-cap Australian gold miner
while we are keenly awaiting Rox's Scoping study so are many cashed up top tier companies such as Ramelius.
Of all the ASX gold junior's with high grade resources, Rox has lowest market valuation per ounce by far.
The Deeps has never been explored to the bottom with the last ore mined at over 14g/t so the potential to add more gold is very high.
The existing decline and infrastructure at Youanmi along with 1m ozs of near surface gold make Rox a compelling proposition to either get into low Capex production or be taken over imo.
- Forums
- ASX - By Stock
- RXL
- 9.9Mt @ 6.89 g/t for 2.2m oz Au
9.9Mt @ 6.89 g/t for 2.2m oz Au
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXL (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $63.09M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.5¢ | $17.61K | 113.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7072 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7072 | 0.155 |
14 | 601486 | 0.150 |
6 | 257467 | 0.145 |
5 | 283213 | 0.140 |
2 | 107410 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 10000 | 1 |
0.165 | 465482 | 8 |
0.170 | 588264 | 6 |
0.175 | 193720 | 6 |
0.180 | 114018 | 5 |
Last trade - 15.50pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
15.5¢ |
  |
Change
-0.005 ( 3.13 %) |
|||
Open | High | Low | Volume | ||
15.5¢ | 15.5¢ | 15.3¢ | 127358 | ||
Last updated 15.06pm 05/06/2024 ? |
Featured News
RXL (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
Previous Video
Next Video
SPONSORED BY The Market Online