RXL 0.00% 13.0¢ rox resources limited

Ann: Entitlement offer to raise up to $7.62 million, page-40

  1. 8,231 Posts.
    lightbulb Created with Sketch. 859
    $10M is totally unrealistic, try digging into the details
    Mt fisher is not one gold deposit, it is a gold project hosting many small, scattered gold deposits.
    Compare and contrast to NST buying Millrose - it's a single deposit with good upside, proximal to existing operations (jundee, specifically ramone deposit).
    Fisher has been on the market for a while, only a junior would be interested, and then best youre going to get is some script and milestone payments related to reserves, study outcomes, first production etc etc.

    Also, if the CR so attractive - it would be underwritten! Mate you clutch at straws!

 
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