The next JORC upgrade is due in Q1 2022 and according to Alex will increase the gold ozs by about the same as the recent upgrade.
That comes to 2.3m oz au.
Assuming the MC of Rox stays the same the value of each oz will be just $25,
RMS paid $750 oz au for Penny gold.
Much higher grade but nevertheless Rox gold is extremely undervalued compared with peer valuations.
The current POG is around $2,400 oz au
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.05M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $107.2K | 711.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124145 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 50000 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |