I wonder if CAI have ever considered acquiring Rox Resources (RXL) ? They've not long announced an increased resource to 3Moz with the resource containing a high-grade component of 9.9Mt at 6.89g/t Au for 2.2Moz, and seem to me to be undervalued with an MC of ~$69m. There seems to be some views on HC posts that RXL management may struggle to bring the mine into production. Their SP has lost two thirds of its value over the last 18 months.
All IMHO, DYOR
Ann: Calidus to present at the Australian Gold Conference, page-7
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