A recent example of royalty financing instead of heavy dilution of the share registry is ASX listed New World Resources. A 0.9% royalty was sold for $11m.A DFS is not essential. Such royalties have been granted on the basis of a PFS and even Scoping Studies so a good Rox PFS and a high price of gold will make this sort of deal very attractive.Rox has an outstanding high grade MRE and will have a maiden resource of around 1m oz Au @ 6.1g/t. This resource plus the high POG will see them raise the cash needed to proceed to a DFS without a highly dilutive share issue. .Also note that Hawke's Point continue to support 3 companies including Rox. If necessary, they will protect their very significant investment in Rox.
Gold soars., page-19
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Last
18.0¢ |
Change
0.020(12.5%) |
Mkt cap ! $66.48M | |||
| Open | High | Low | Value | Volume |
| 16.3¢ | 18.0¢ | 16.3¢ | $162.1K | 962.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 105006 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 153999 | 4 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
18.0¢ |
Change
0.020 ( 10.8 %) |
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| Open | High | Low | Volume | ||
| 16.3¢ | 18.0¢ | 16.0¢ | 521561 | ||
| Last updated 15.05pm 10/05/2024 ? | |||||
| RXL (ASX) Chart |