A standout feature of today's ann was the renewed emphasis on the regional drilling program. Rox started the year exercising spending discipline as it embarked on the Youanmi feasibility process. Feasibility studies are relatively cheap and drilling is very expensive and Rox did not know how successful their drilling campaign would be. Rox does not want to further dilute the share registry with a capital raise so they proceeded carefully and economically without assuming a high rate of inferred to indicated conversion. Regional exploration was very much on the back burner. Youanmi was the main game. IMO the change to a renewed focus on the regionals means that the Link and Kathleen drilling is going well. The assays are imminent but are likely to be good, so good Rox can now follow up its exploration program.. Rox now considers they can afford to explore and they have some compelling targets at Linda Gossan, Currans and Sovereign. Below is a diagram of Currans from 2019.
My opinion DYOR
RXL Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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