Because Rox is now a conservative company determined to make announcements that are well supported by evidence. Their announcement of the bonanza hit made no promises about what thy had found. One more hole will also not define the new resource. Perhaps more assays are in hand from a second hole but they won't be released immediately because they are not considered to accurately represent the resource (permitted under ASX continuous disclosure rules). IMO Rox has 2 rigs at Y South and will present the results of 2 more drill holes mid May. 3 holes is a minimum to provide an evidence supported preliminary size and grade of the resource, including pics.
My opinion
RXL Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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