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.
A recent example of royalty financing instead of heavy dilution...
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.0¢ |
Change
-0.035(15.6%) |
Mkt cap ! $70.17M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $226.9K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 51803 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 309483 | 5 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
19.0¢ |
Change
-0.035 ( 13.6 %) |
||||
| Open | High | Low | Volume | ||
| 18.0¢ | 19.0¢ | 18.0¢ | 518673 | ||
| Last updated 15.33pm 26/04/2024 ? | |||||
| RXL (ASX) Chart |