A welcome ann that highlights the different management approach with Robert Ryan at the helm. Alex Passmore plugged away at Youanmi but always tried to hit a jackpot elsewhere. He drilled along strike from the Penny's in both directions, drilled 3 100% Rox tenements along the Shear Zone, repeatedly drilled Fisher and Eureka etc. Any of these could have been transformation for Rox but the downside was they were costly and diluted geo resourcesi. Ryan has clearly made getting Youanmi into production quickly the only game in town for now, Rox has a 100% focus highlighted by this impressive multi rig drilling campaign. With its strong cash position of up to $20m after the sale of Fisher and Eureka this is a big short term spend but very affordable and after completion will come much less expensive feasibility studies. Ryan is showing his single minded resolve here and we will be the beneficiaries.
My Opinion
RXL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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