RXL 0.00% 16.5¢ rox resources limited

Yes Sammy it’s quite likely that the IP near mine drilling has...

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    Yes Sammy it’s quite likely that the IP near mine drilling has produced dusters although we can’t be sure. Note the change between the last 2 presentations from ‘highly anticipated’ to merely awaiting some results at the AGM. Also note the change of focus to learning about the structure of Youanmi rather than finding gold. It would not surprise me if the near mine IP target results are washed through the Q4 Quarterly announced next year but I could be wrong. I hope so.

    RR says the updated minerals resource estimate in nearly complete and we will be happy with it and he provides an estimate of an additional 2-300K of new indicated ounces of gold mainly from Link. That could be higher based on Currans, Paddys and Midway.

    That MRE metric makes the 2022 Scoping Study viable and very profitable based on a high price of gold. Production could be upscaled in the PFS due in June with a larger mill to process sub 5g/t ore.

    If RR delivers on the pleasing MRE commitment in Q1 next year and the PFS with good metrics 2024 will be a transformational year for Rox. Worth holding for the MRE and PFS imo. I remain a holder for now based on the MRE and PFS commitments. If they are not delivered I will sell out after 4 years of holding.

 
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