1 Rox upscales production in its PFS to 100,000 K oz gold PA
With only 20% of the 3.2 million oz gold resource currently included in the Scoping Study this very possible and is a key aim of the company. It will change every metric starting with the increasing the cash flow to over $120m PA.
The market valuation of Rox is only $65m.2 New near mine discovery Youanmi South with a first hit at 28m @35 g/t could power Rox to an instant multibagger if the discovery has width at bonanza grade. New drilling results in a couple of weeks
3 Midway is another exciting very high grade gold discovery with potential to transform Rox. Drill results known soon.
4 A price of gold over $3,000 oz auis also transformative, it dramatically improves the metrics of the feasibility studies and makes it easier to get the capital to build the mine.
5 Lynda Gossan with a very high grade gold long intersection first hit right from the surface is a compelling new find with the characteristics of potentially large discovery. It that will be drilled this year.
Fair value? IMO Rox should be valued at more than $100m right now.
My opinion
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