Rox has indicated that it is planning to achieve an annual production profile of 120k ounces. At a margin of $3,500 that breaks $400m per annum in free cashflow.
Rox at 60c per share still makes the company very undervalued on a DCF basis. There is a very big upside to be unlocked during the course of this year.
RXL Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)