Re moneyofmine comment:To get into production Rox will NOT have to raise > 2x their current market cap.One step at a time. At the DFS next year the market cap is going to be much higher and to produce a DFS will probably cost no more than $20m depending on the success of infilling and exploration drilling about to commence. That is 1/3 of the current MC. The sale of Fisher Gold would reduce that. The situation is not at all like Bardoc when inflationary costs were rocketing and labour shortages in the mining industry peaked so the BOD opted for a sale of the project (at a large premium).But Rox is very vulnerable to a TO at its present market valuation. The price of gold today at $3,750 oz Au is now $650 higher than the assumed POG in the PFS. Many Tier 1 gold companies will be casting a predatory eye over Rox. As Rob Ryan frequently mentions, Rox is a standout for its exceptionally high-grade resource (see below)
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Open | High | Low | Value | Volume |
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14 | 770797 | 0.130 |
4 | 258196 | 0.125 |
7 | 364349 | 0.120 |
1 | 100000 | 0.115 |
Price($) | Vol. | No. |
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0.140 | 499692 | 10 |
0.145 | 353599 | 3 |
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