Why did the share price fall so heavily today?I can tell you...

Why did the share price fall so heavily today?
I can tell you that Rox directors are scratching their heads.
Over the past year Rox has been reaching milestones that they thought would lift the SP.
Securing Hawke's Point as a cornerstone investor, announcing a new JORC with 39% more ozs, discovering the Hanging Wall etc.
None have seen the SP lift for long.
So Rox considered that near term production would dramatically increase the market valuation of the company.
Today, they announced a significant discovery at Link under the Hill End pit that will add to the high grade shallow, oxide Au resource to make a starter mine feasible.
Meanwhile Grace 109,000 oz high grade au will be grown by extension and infill drilling.
Many of us overestimated the Grace ozs (including Canaccords) and were disappointed when it was only 109,000 oz au, not enough for a starter mine.
But Grace is spotty and not enough drilling had been done to verify more ozs and Rox geos are very likely to add significant ozs by infill and extension drilling. 150,000 oz @7g/t Au is likely, perhaps a lot more. Hill End/ shallow Link is very likely to add another 100,000 oz Au + imo.
A near term starter mining operation will take shape next year with a JORC and DFS. First pour date is speculative but Q4 2022 - Q1 2023 is possible.
It will be very profitable.
Rox has been ticking boxes to bring a 2m oz Au mine into production and the market has yawned and sold the SP down.
Although greeted with another sell off and many negative comments today, Rox hope that this new focus on generating a cash flow will finally see the company and its potential recognised in market value.