When the near surface resource JORC update is released I think the market will revise its opinion of Rox and see the near term potential.
As stated in a previous post the near surface resource is down to around 160m at Link, Junction and the lateral area around and beneath the pits.
I'm wondering if Rox has been infill drilling Grace to grow that resource? If not they probably will soon.
The pending exploration plan will give us more info.
The near surface resource will be a big number imo and its oxide gold with a low AISC. it will be multiples of the Penny Project (RMS).
In April we get the scoping study with the mine and plant design and the financial viability of the project and before June the new JORC.
Just on that there is a lot more gold than was recently announced.
Below is a diagram of the the end of the mined section of the Deeps. Note the grades..
How deep is the Deeps? No-one knows but estimates are at least another 100m below historical mining and perhaps a lot more.
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