RXL 16.7% 17.5¢ rox resources limited

Rox a billion dollar company, page-257

  1. 559 Posts.
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    Evolution, St Barbara, Ramelius, Dacian, Gold Road are all up today, because they directly benefit from the higher gold price in the short term. A potential war may push gold prices even higher, but the market does not expect this conflict to go on for years, hence the higher gold price now would not impact the valuation of those explorers as their valuations are forward looking and are based on long term assumptions.
 
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