A very high grade resource is pretty much derisked. From memory RMS scooped Penny from Spectrum with only a JORC resource estimate and no Scoping Study let alone a DFS. The Youanmi project needs infill drilling to convert to indicated gold ozs at 5 g/t + and that would have put RMS off a TO. But Y South is likely to be quite different and more like Penny, 3m to 8m of true width with a highly consistent (not nuggety) resource of high grade gold more like 15g/t than 5g/t. No risk in a world class resource like that. The timing of the next ann you suggest does seem plausible and would provide a double whammy for Rox, the presentation and more great results. We will soon find out.
RXL Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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