Instos are weighing up the Youanmi Gold Project risks and liking what they see.Rox has a strong, hand-picked team.
A measure of that strength is that team members run their own work streams.
Exploration, metallurgy, finance, environment, and approvals are all handled by exceptionally experienced team members.
Every member has a record of high achievement which allows Rox to run parallel work streams.
A key upcoming risk is finance.
Can Rox raise the money to build their mine and can they secure the right financing solution that maximises benefits to the company and ultimately to shareholders?
Looking at another Hawke’s Point success story, Capricorn Metals, the explosive growth in the share price didn’t happen on the DFS.
It started when Macquarie executed a finance deal in 2018 worth $107m to fund the Karlawinda Gold Project.
Investors liked the deal and with the final de-risking the astonishing gains in the share price commenced.
Importantly, the terms of this finance were very competitive and favourable to Capricorn
Rox has secured a top finance house, BurnVoir Corporate Finance.
That is a testament to the quality of both the hand-picked team and the asset.
Investors can be confident that BurnVoir will secure the best possible finance arrangement.
Securing the services of BurnVoir is an important de-risking step that will further encourage instos to buy on the market.
Note: Risk off today on the ASX with the RXL share price manipulated to provide a cheaper entry point for instos with big orders to fill (see below),
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