So Roxy has the fabulous very high grade shallow Grace resource to power near term mining and a cash flow. Then the deeper mineralisation at even higher grades and visible gold suggesting super grades with exploration underway and some results pending. Is Grace North yet another very high grade deeper resource or part of a huge extension of high grade from Grace. Then we have the existing resource with a JORC of around 1.2m oz au of which 657,000 oz is high grade 8.5 g/t. The value of that resource alone is double SPXs Penny North North stolen for lousy $230m (final bid).
Then we have the lower grade but very valuable resources like the Plant Zone that will be processed in the stage 3 large plant that AP has talked about. And apart from all that we have the regional targets such as Penny West Deep South which could easily be another major find such as the historical Penny West with the grades of more than 300g/t. It goes on and on. Rox worth 50 cents a share? Yes!!!!
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