RXL 0.00% 13.0¢ rox resources limited

RR has pretty much articulated that the strategy of RXL since...

  1. 3,013 Posts.
    lightbulb Created with Sketch. 663
    RR has pretty much articulated that the strategy of RXL since the release of the Scoping Study has changed as follows:

    1) Increase the scale of the project so that annual LOM production significantly exceeds 70k ounces per annum. The minimum target is 100k ounces per annum although this could go much higher.

    2) While going bigger and generating vast incremental cashflow when surpassing the 70k pa Scoping Study level, the additional capex is anticipated to be lower than an additional $50m.

    Discovering additional ounces is totally consistent with the strategic goal of “going bigger” and is not a red flag or a danger signal.

    Reworking the Scoping Study with a $AUD 3,000 POG would achieve an NPV of circa $500m. Getting production above 100k ounces could take that number to $750m. Likewise, 120k ounces pa could make this close to a $1b NPV project.

    As the project is de-risked (particularly with the release of the PFS) I expect the market to take real notice of RXL.


 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $52.91M
Open High Low Value Volume
12.5¢ 13.0¢ 12.5¢ $84.57K 658.0K

Buyers (Bids)

No. Vol. Price($)
8 1100484 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 786667 4
View Market Depth
Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.