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14.0¢ rox resources limited

Grade is king..so is metallurgy

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Boolgeeda Dream

662 Posts.

104

03/08/24

16:51

Post #: 75058088
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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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Grade is king..

so is metallurgy

RXL Price at posting: 15.0¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 14.0¢		Change 0.003(1.82%)		Mkt cap ! $57.30M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.5¢	$43.5K	322.1K

Buyers (Bids)

No.	Vol.	Price($)
2	20000	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	499692	10

View Market Depth

No.	Vol.	Price($)
2	20000	0.135
14	770797	0.130
4	258196	0.125
7	364349	0.120
1	100000	0.115

Price($)	Vol.	No.
0.140	499692	10
0.145	353599	3
0.150	268152	4
0.155	105000	2
0.160	257281	3

Last trade - 15.33pm 09/09/2024 (20 minute delay)

RXL (ASX) Chart