Ann: Quarterly Activities Report - December 2022, page-22

Let me state this clearly:
Moderate to high risk projects have to raise money by diluting share issues.
When a company is at the final feasibility stage, the DFS, other financing opportunities open up.
To illustrate, Hawke's Point is the foundation shareholder for both Ore Banda and Rox Resources.
With large shareholdings in both companies it is in their own interests to assist them to get into production.
Ore Banda recently secured $12.74 million in debt and royalty funding from its top shareholder Hawke’s Point Holdings, in a move to shore up the development of its Riverina Underground mine while avoiding dilution to investors.
IMO Rox Resources is very likely to follow this pathway to production if necessary.
Rox had $10.5m at the start of this year and are selling Fisher Gold and Eureka.
Very likely they will end up with $12m ie $1m per month this year to drill and carry out feasibility studies.
If they need more they should be derisked enough to get finance without dilution.

My Opinion