The Rox share price is lagging even though the current and...

The Rox share price is lagging even though the current and predicted future price of gold is soaring. At the current POG, the Youanmi Gold Project generates $916m of free cash flow after tax, just at the PFS. The NPV after tax jumps from $322m to $541m. At the DFS, Rox is confident that there will be a lot more gold in the mining plan, which will drive the metrics even higher. Many small-cap gold explorers have also been ignored as investors pile into goldies already in production, but none have a high-grade resource that matches Rox’s. Santana Minerals stands out as a company at a similar stage of development with outstanding metrics based on an assumed gold price $445 oz Au higher than Rox used. Santana in NZ risks environmental delays that Rox will not. RAS is a great project for Santana, but the market valuation of the company is already $328m compared with Rox’s $57m.