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13.0¢ rox resources limited

This company has been a manifest disappointment @smartdude. Do...

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13,414 Posts.

2518

15/10/23

09:56

Post #: 70350253
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Originally posted by smartdude: ↑

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.

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This company has been a manifest disappointment @smartdude. Do you want me to assist you in analysing it?

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RXL Price at posting: 22.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 13.0¢		Change -0.005(3.70%)		Mkt cap ! $53.12M

Open	High	Low	Value	Volume
13.8¢	14.0¢	13.0¢	$84.28K	624.9K

Buyers (Bids)

No.	Vol.	Price($)
13	1028220	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	486	1

View Market Depth

No.	Vol.	Price($)
13	1028220	0.130
4	171200	0.125
6	485008	0.120
1	1	0.115
3	22798	0.110

Price($)	Vol.	No.
0.135	486	1
0.140	521521	7
0.145	353599	3
0.150	209914	3
0.155	215972	4

Last trade - 16.10pm 02/09/2024 (20 minute delay)

RXL (ASX) Chart