RXL 3.03% 16.0¢ rox resources limited

Rox game changers

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4851

    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

 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
-0.005(3.03%)
Mkt cap ! $59.09M
Open High Low Value Volume
16.5¢ 16.5¢ 16.0¢ $27.29K 166.5K

Buyers (Bids)

No. Vol. Price($)
16 1173037 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 359422 2
View Market Depth
Last trade - 16.10pm 09/05/2024 (20 minute delay) ?
Last
16.3¢
  Change
-0.005 ( 1.52 %)
Open High Low Volume
16.5¢ 16.5¢ 16.0¢ 190002
Last updated 14.49pm 09/05/2024 ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.