RXL 3.23% 16.0¢ rox resources limited

Rox a billion dollar company, page-250

  1. 808 Posts.
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    Well I'M flattered So U Think placing me in such illustrious company . It seems to me you must have done a bundle on this in a previous life and that's why you are a little sour on RXL but for me in at 34.5c this has a golden shine on it . Here's why I like the outlook , small issue on a project that has historical success so mining won't be an issue especially if we concentrate on the near surface soon to be 1,00000oz , that's a business in itself .Next up comparisons with other go ahead company's which is incredibly difficult but I have used CAI for a guide , to build a plant and finance it into production (please check my figures I am not an expert) it seems about $146mill is going to do it and I suspect RXL will be less, CAI mc$284mill .
    Now IF the $146mill is in the ball park then RXL will have to come up with about $100mill which on a project with 3 mill oz will be a breeze , also the near surface RXL gold is high grade so a plant could be fairly small so costs might be considerably less than similar projects .
    KEEP IN MIND THESE FIGURES ARE A GUESS , AT BEAT A VERY LOOSE GUIDE , take care . The future seems very bright , time will tell .
 
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