The corner Rox turned was to replace Passmore with Rob Ryan and deliver an outstanding updated resource of 16.2Mt @ 4.4g/t Au for 2.3Moz for the Youanmi Gold Project, a 21% increase in the overall Youanmi Indicated Resource
The Youanmi Underground Indicated Resource that forms the basis for the PFS is 1.10Moz at 6.1 g/t Au. Show me another junior with a market cap under $150m with a similar indicated resource at that grade. A PFS based on that resource and the high price of gold will be outstanding with no further drilling needed. But Rox wants to grow the resource and ultimately generate more free cash. Rox will soon have $7m from the CR and perhaps another $10m from the sale of non-core assets. A well-funded drilling campaign at Currans, Midway and Paddy’s Lode etc will convert more of the 2.3m oz into indicated gold and add it to the gold reserve in the DFS. Perhaps Rox will also drill their high prospective lithium tenement?
- Forums
- ASX - By Stock
- RXL
- Ann: Entitlement offer to raise up to $7.62 million
Ann: Entitlement offer to raise up to $7.62 million, page-35
-
- There are more pages in this discussion • 76 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
|
|||||
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.21M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $42.44K | 300.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 113832 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 224599 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 113832 | 0.140 |
5 | 474794 | 0.135 |
10 | 878837 | 0.130 |
8 | 366280 | 0.125 |
8 | 1405591 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 224599 | 2 |
0.150 | 148107 | 4 |
0.155 | 300972 | 6 |
0.160 | 357356 | 4 |
0.165 | 107079 | 7 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
RXL (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online