Interesting to see the share price reaction to the rising POG...

Interesting to see the share price reaction to the rising POG across the spectrum of gold companies from producers to explorers and in between..
Of course those already in production such as RMS are doing well.
Those very close to production and such as BGL are on fire (up 9% today).
OBM has strong upward momentum. The company has a good resource and already has a mill and has received additional backing from Hawke's Point
Then we get down to those in the process of derisking and completing feasibility studies which includes Rox.
DEG (market cap $2.2B) is firing on all 12 cylinders. It has a monster deposit at Hemi and announced a 25% increase in annual production rate over the first 10 years to 540,000 oz pa in the PFS from 430,000 oz pa. DEG is substantially derisked so their metrics are spectacularly improved by the rising gold price.
MGV has suffered significant SP erosion and is just starting too respond to the POG. They are behind RXL imo. MGV hope to complete a PFS soon but hampered by heritage, community and permitting issues etc that do not apply to RXL.The Capex will be multiples of Rox's. Market valuation is $124m.
Explorers that have not defined a JORC resource and are nowhere near the feasibility stage (ODY, GBR etc) are not responding to the POG. Who knows what the POG will be in 5 years?
Rox has a. large 3m oz au resource and is very well cashed up to progress its feasibility studies right through to a DFS this year with no CR needed, so zero dilution.
While not in the top tier to benefit most from the rising price of gold the Youanmi feasibility metrics will be significantly improved and the POG going into 2024 could well continue to be positive.
Market valuation under $40m.

My Opinion