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Why is the mc going to be much higher?

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Boolgeeda Dream

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03/08/24

16:50

Post #: 75058080
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Originally posted by Sumit000: ↑

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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Why is the mc going to be much higher?

RXL Price at posting: 15.0¢ Sentiment: Hold Disclosure: Not Held
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Last 13.0¢		Change 0.015(13.0%)		Mkt cap ! $53.37M

Open	High	Low	Value	Volume
12.0¢	13.0¢	12.0¢	$156.1K	1.239M

Buyers (Bids)

No.	Vol.	Price($)
4	197022	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	352138	6

View Market Depth

No.	Vol.	Price($)
4	197022	0.125
8	529833	0.120
6	177299	0.115
7	263643	0.110
10	462556	0.105

Price($)	Vol.	No.
0.135	41785	4
0.140	424097	10
0.145	360396	7
0.150	344411	6
0.155	140000	3

Last trade - 15.56pm 11/10/2024 (20 minute delay)

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Why is the mc going to be much higher?

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Why is the mc going to be much higher?

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