RXL rox resources limited

Ann: Commencement of Drilling at the Youanmi Gold Project, page-3

  1. 601 Posts.
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    Whilst I am often critical of the moves of the management, this is certainly a good step forward to make this project happen. Converting those Inferred resources to M+I via infill drilling is the best way to increase the viability of the project and get those investment dollars secured via extending the LOM and boosting the project NPV. From memory, the current M+I resources are around 40%, which by end of the year should be closer to 70% (hopefully). Step out/exploratory holes in this drilling campaign are just the icing on the cake.

    Once the SP starts going back where it belongs, VMC shareholders could expect a share + cash script to consolidate the project in one hand and to make Youanmi ready for commercial production.
    Last edited by csadeev: 16/01/23
 
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