No Scoping Study No Sp Re-Rate Mungy, page-9

The Scoping Study is not primary for us retail investors, we are not going to stump up $100m or so to fund the mine.
Our disappointment counts for nothing, its the instos that matter.
Note that the Scoping Study is being undertaken 'in house'.
II is being independently monitored and is subject to all the regulatory provisions of the ASX but in effect it is complete when the Board say so
ie it is a work in progress which is a huge advantage over a Study that is completed by an independent body and not subject revision..
Rox could have completed a Scoping Study a year ago but the Capex would have been very large,
There is no point announcing a study that the instos will not fund.
The Rox Board has probably looked at several potential Scoping Studies and their economic and feasibility experts have rejected them.
With everything in flux a robust Study a few months ago may now be unfundable.
IMO that happened with an earlier Study probably to be released in July.
Rox went back to the drawing board and came up with a much smaller plant, 480 Ktpa with a very low Capex.
But that required other inputs that need to be finalised such a shallow high grade indicated resource to feed the mill.
I would think that this process is still in play and a low Capex, low AISC and very robust Study is on the way.
Ultimately if the instos are happy with it the share price will re rate.

My Opinion DYOR