The Youanmi Gold Project is one of Western Australia’s highest-grade new gold development projects of scale.Above is the gold sensitivity analysis in the project's PFS.
It only tracks the metrics to $3,700 oz Au, where the numbers are impressive..
Today’s gold price is $5,200 per ounce of Au spot, so let’s say $4,600 in the DFS.
My quick calculations show mind-blowing metrics.
There are many macro factors that support a higher gold price increasing over the next 10 years when Youanmi will be in production.
Gold has now overtaken the euro as the world’s second most important reserve asset for central banks, driven by record purchases and soaring prices, according to the European Central Bank.
Bullion accounted for 20 per cent of global official reserves last year, outstripping the euro’s 16 per cent and second only to the US dollar at 46 per cent.
What the gold price means for Rox is that Youanmi is already on the path to a billion-dollar market cap based solely on the Reserve gold already in the PFS.
The additional gold ounces added by the recent drilling campaign with success at Prospect, United North, and Youanmi etc, are icing on the cake.
The other factor that makes Rox a safe investment now is that, finally, we can trust the company to deliver what they say and on time.
CEO and MD Phill Wilding and his team have restored trust, something long-time holders will very much appreciate.
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