I made the above call approximately 3 months ago. It’s time to make a new call for June 2023. This is what I can see playing out.
1) The Fed pivot will occur and the POG will spike.
2) RXL will announce a resource upgrade with more than 3m attributable ounces.
3) The drilling success will enhance the average grade of the resource nicely.
4) Based on the number of ounces and grade quality of the ounces the RXL valuation will get to or above $50 per resource ounce.
This takes the share price to $0.75.
I will be holding onto my Rox in anticipation of the share price frenzy ahead of us!
Rox the 3m oz gold bet, page-202
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.32M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.5¢ | $162.7K | 1.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 265704 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 292348 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |