Rox’s announcement on 11th March High Grade Gold Intercepts Continue (link below) ranks as one of the most underrated in recent times.It didn’t help that the price of gold in USD fell and the NYSE dived the night before, but the significance of this announcement was overlooked until now.
The discovery of parallel structures between Youanmi and Pollard was the ‘proof in the pudding’ that the huge effort by Rox and Hawke’s Point to uncover the controls on Youanmi gold was paying off.
Rox has invested heavily in Youanmi's geological understanding and is now getting fantastic results with high-grade intercepts in new areas of mineralisation, such as Prospect.
The geological breakthrough will rocket fuel the addition of more shallow ounces in the mine plan and reserve while minimising the overall capital – more ounces from a shallower depth means less vertical advance.
Rox’s endeavours were very much appreciated this week at the 2 day Rotto Conference attended by around 85 fund representatives.
Notable funds represented included Paradice Investments. Ophir Asset Management and Perennial Investments’ Resources.
There was a presentation and 2 days of full-on meetings with individual funds.
Rox currently has at least 2 funds buying shares on the market and more are expected to follow.
Today's high volume trading suggests that additional funds are buying and competing to get a slice of Rox before the company gets to a fair market value.
Based on Rotto's success and in partnership with Euroz Hartley, Rox is launching an international marketing tour.
SMI Zurich next week, then London, New York City and the Toronto roadshow.
Many factors have dramatically turned Rox around, the right people starting with Phil Wilding, ample funding and tech support from Hawkes Point, including the appointment of Nathan Stoitis.
Of course, the runaway price of gold in $AU as safe haven demand intensifies has also helped.
Rox is vastly undervalued on every metric,
https://api.investi.com.au/api/announcements/rxl/8650ee01-142.pdf
(20min delay)