The DEG NST merger looks like there has been a non trivial step...

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BillieDobe

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05/12/24

17:57

Post #: 76936165
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Originally posted by Sumit000: ↑

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.

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The DEG NST merger looks like there has been a non trivial step change in the way the economics of refractory ore is being valued, if not by analysts then at least by those who should know the most - those paying for the assets. That alone plus the quality of the met team on this project give further confidence. Will be an interesting start to next year.

RXL Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

2 Great analysis

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Last 29.5¢		Change 0.000(0.00%)		Mkt cap ! $216.1M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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No.	Vol.	Price($)
4	13125	30.0¢

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Price($)	Vol.	No.
30.0¢	66042	2

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No.	Vol.	Price($)
4	13125	0.300
3	68400	0.295
7	186168	0.290
4	119262	0.285
7	128389	0.280

Price($)	Vol.	No.
0.300	65000	1
0.305	70000	1
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0.315	70000	1
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The DEG NST merger looks like there has been a non trivial step...

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The DEG NST merger looks like there has been a non trivial step...

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