Many high-confidence targets in this program will almost certainly lift the gold in the DFS mining plan to more than 1m ozs. Production is likely to be greater than 103 kozpa, and the profit margin will be well above A$2,000 oz.
Do the math on the free cash flow to see why Rox should be multiples of its current market valuation.
Note the clever Step-up drilling plan targeting initial growth and then conversion targets that will provide a quick return of results and then a continuous news flow.
An exciting possibility is the undrilled at-depth gap between the main lode and Pollard in the Phase 2 target.
Rox geos see a strong chance for repetitions of the Youanmi main lode.
The main lode was mined for more than 500,000 high-grade ozs and is far from depleted.
That drilling is in Stage 1 growth to commence before Christmas.
I would expect one RC and one DD rig to be in operation soon and, in 2025, a ramp-up to 4 rigs with DD operating 24/7.
Exciting times ahead for Rox with the tailwind from a record gold price.
(20min delay)