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...
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16.0¢ |
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Mkt cap ! $65.13M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 16.0¢ | $14.22K | 88.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 171716 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 16.0¢ | 99875 | 1 |
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| Last trade - 12.51pm 06/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 16.0¢ | 16.0¢ | 15.5¢ | 16671 | ||
| Last updated 15.38pm 06/06/2024 ? | |||||
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