Gold is up, and the gold bull is far from over. Over the long term, the key story is that central banks from BRICS nations and other emerging markets are diversifying their dollar reserves, primarily with gold.
De-dollarisation initiatives have been picking up pace, as the BRICS countries actively explore ways to reduce reliance on the US dollar,”
J P Morgan sees prices crossing USD 4,000 (AU 6,283) by Q2, 2026.
Worth watching the Money of Mine episode on YouTube Gold Stocks to Benefit on near-term producers including Rox.
A clear example is given of how the new price of gold sends financial metrics into the stratosphere.
From Scoping Study to production is fraught with risks for juniors.
Uniquely, Rox has Hawke’s Point steering the company through the rapids just as they did for Capricorn and Oa Banda.
Rox has the clearest and most achievable step-by-step pathway to production and is on track.
Rox has a more experienced team with proven success + HP technical assistance.
The space occupied by junior goldies with proven resources is a great investment target.
But Rox isn’t the only company competing for investment dollars in that space, and it’s not the cheapest.
Rox did not share in the big rebound of gold stocks today.
The news flow needs to be kept up to maintain buying interest.
Two drilling updates last month, and as yet, none this month.
Today, I diversified by buying another goldie mentioned in the episode.
I see fair value of Rox as somewhere between the 2 recent research price targets, 44 ish cents.
That could easily change with some good announcements.
Thanks, DimDim, good to see MacQuarie Securities buying.
MacQuarie has a solid reputation and has been divesting from stocks and bonds.
It has selected Rox as a low-risk, high-reward investment destination.
M of M here
https://www.youtube.com/watch?v=69xFEXxHpfs
(20min delay)