DFS within 8 months. That’s what the CR of $26m @ 14 cps (according to the AFR) means.
The new world-class team is turbocharging the development of the Youanmi Gold project.
Hawke’s Point will be taking a bite.
They are on 9.9%, so close to their subscription threshold of 9%.
The Rox team will launch a massive drilling campaign to dramatically increase the gold in the mining plan.
Amongst many other targets, United North and Interceptor will be drilled out and the undrilled corridor between Paddy’s and Pollard will be tested.
Rox will be hoping for a Stage 1 oxide non-refractory gold mine restart, so a range of shallow oxide targets will be drilled, including Currans.
It's a large discount so the share price outcome of this CR could be initially negative but not below the CR price.
That’s the likely buying opportunity for those who feel retail should have been included.
As the drilling results come in, the SP will lift, and the DFS will trigger a major re-rate.
Whatever the SP is when the CR is announced, it will be the bottom of a long and profitable increase in the share price.
(20min delay)