if the POG was > $AUD 3k per ounce, I suspect that Wiluna would be currently flourishing. The POG has an enormous impact in mitigating risk for any aspiring producer.
Youanmi is:
- a high grade deposit, - has minimal permitting obstacles, - has no existing out of the money hedging commitments that new producers have, - a project with huge cash flow generating potential based on the PFS data.
Share trading volumes have been subdued. If Phillip Wilding can get some marketing traction behind the Rox story I would not place any limit on where the share price can go in the medium term.
RXL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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