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
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $62.79M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.5¢ | $14.96K | 88.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 608776 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 94905 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
16.5¢ |
Change
0.005 ( 2.94 %) |
||||
| Open | High | Low | Volume | ||
| 16.5¢ | 16.8¢ | 16.5¢ | 242633 | ||
| Last updated 15.17pm 24/05/2024 ? | |||||
| RXL (ASX) Chart |