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Canacord 10c, page-177

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punter45

8,037 Posts.

961

03/04/21

11:20

Post #: 52233961
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Originally posted by m0ngy: ↑

Perhaps some of the instos read the new report and had another look at the Penny Gold Project that sold for A$760 per ounce for 360 k oz high-grade but deep gold.
TO cost $270m.
Then they looked at the latest Grace and near mine hits (below) with Junction, Link and 3 more highly prospective near mine results to come.
And of course the Youanmi Deeps with nearly two Pennys (660,000 oz high grade au).
MC of Rox just $78m and that's after a 15% jump in the SP.
Then we have research reports re rating RMS on the basis of their Penny acquisition and Zep (MD of RMS) saying that he wants another Penny.
Can't believe that Rox has languished in the 3 cps range for weeks.
IMO Rox (with junior partner Venus) have far more gold than Penny in Grace, Link and Junction and with the planned open pit mining will have a lower AISC.
IMO Rox has a very good chance at hitting the 10 cps target and could go a lot higher.

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***IMO Rox has a very good chance at hitting the 10 cps target and could go a lot higher***

you nailed it, did you ask Alex to consolidate 15-1 so you can get 1 call of yours correct?

RXL Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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