RXL

4.84%

14.8¢ rox resources limited

moungy .. I believe your last paragraph is a scenario that...

First 43 Last

Share
Profile

Follow
lucydog12

224 Posts.

105

20/06/24

14:46

Post #: 74409682
Share

Originally posted by Sumit000 ↑

Rox MD Rob Ryan’s last management role was at Bardoc Gold where he steered the company quickly through the feasibility process culminating in an outstanding DFS (below). Youanmi is tracking very closely with the Bardoc metrics with a similar PFS gold Reserve expected next week. Note that the Bardoc DFS has an assumed gold price of just AU$2,250/oz. Rox’s assumed gold price will be AU$3,100/oz +/- 1 AU$100.
The AISC will be slightly at Youanmi but the AISC margin significantly higher due to the price of gold which is the single most important driver of free cash flow.
Bardoc is a gold concentrate operation which is Refractory Rob’s specialisation but the intense focus on the metallurgy makes it clear that a bullion as opposed to a concentrate processing pathway is on the cards. Quite likely the PFS will not make a final decision on that and present both bullion and concentrate options. The final decision would be in the DFS which is due in June next year. Could the lack of certainly be a way of warding off RMS who would be eyeing Youanmi as filling their shortfall at their Mt Magnet Hub from 2026?
Re the share price. The PFS will almost certainly be very good. Rob Ryan does care about his reputation and a poor PFS after the hype would likely bring the ASX regulators down on them (again). Rox will almost certainly be a compelling TO target at the current market cap. Making matters worse their largest shareholder is Venus whose RXL shares they paid nothing for, as part of the consolidation, are out of escrow next month.
The Rox Board will have considered this scenario and likely concluded that a large blocking stake is needed,
Hawke’s Point to go from 11% to 30% soon after the PFS imo.

Expand

moungy .. I believe your last paragraph is a scenario that should happen before pfs and may well just be the reason why the sp is floundering
IMO

RXL Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Talking Australia's very competitive property landscape: Realty Talks

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

MCT

Metalicity looking for offers on Admiral Bay zinc project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

There are more pages in this discussion • 5 more messages in this thread...

First 43 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 14.8¢		Change -0.008(4.84%)		Mkt cap ! $60.06M

Open	High	Low	Value	Volume
15.0¢	15.5¢	14.8¢	$32.17K	209.9K

Buyers (Bids)

No.	Vol.	Price($)
4	267207	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	17158	2

View Market Depth

No.	Vol.	Price($)
4	267207	0.145
5	361765	0.140
6	209673	0.135
8	858363	0.130
4	185334	0.125

Price($)	Vol.	No.
0.150	17158	2
0.155	286084	3
0.160	130936	4
0.165	75632	4
0.170	37421	3

Last trade - 14.05pm 19/07/2024 (20 minute delay)

RXL (ASX) Chart

moungy .. I believe your last paragraph is a scenario that...

AI stocks: What to expect in 2024-25

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Talking Australia's very competitive property landscape: Realty Talks

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Metalicity looking for offers on Admiral Bay zinc project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

moungy .. I believe your last paragraph is a scenario that...

Top Stories

AI stocks: What to expect in 2024-25

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Talking Australia's very competitive property landscape: Realty Talks

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Metalicity looking for offers on Admiral Bay zinc project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News