Australia's largest stock trading and investment forum Australia's #1 stock forum

RXL

11.1%

15.0¢ rox resources limited

PFS Metrics, page-29

First 29 Last

Share
Profile

Follow
VegasGM

661 Posts.

475

24/07/24

11:49

Post #: 74891202
Share

Originally posted by Sumit000 ↑

The gold price is at AU 3,665 oz Au and Gold is up more than 19% in 2024 with more to come.
The timing of the PFS this month looks perfect.
The Rox Scoping Study had a gold price assumption of $2,450.
I wouldn’t expect the PFS to use a price of gold higher than $3,100 but the DFS due next year could.
Rox will announce a PFS with a 100,000+ oz Au production PA.
Even with a very high AISC (and it won’t be) Youanmi will generate a free cash flow of over $100m PA. Rob Ryan says the mine will have a long life, imo at least 8 years in the PFS and 10 + in the DFS after the upcoming drilling campaign. Beyond that, there is a lot of ground to explore along the Shear Zone. A LOM of 15-20 years is possible.
The high price of gold also favours bullion-producing processing such as Biox rather than gold concentrate, Both are very profitable but it’s easier to sell bullion with its spot price that concentrates lack. It’s also more attractive to investors which is important because Rox will need more cash soon from instos and funds to advance the project.
Youanmi will be a $1B mine in time and Rox’s market valuation is currently $63.12m.

Expand

Seems like your call here Sumit was pretty much on the money, so kudos to you. But are you still thinking take over?
Why, may I ask, don’t RXL do something with Grace? That part I don’t understand… Surely, high grade close to surface ameniable to open pit quick mine…

Cheers

RXL Price at posting: 13.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

What's causing the cost-of-living crisis, and how to navigate it

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

TLG

Talga Group wins key permit for flagship graphite mine in Sweden