The Scoping Study should re rate the share price and allow Rox to attract insto investors at a higher share price.
The Study will demonstrate that Youanmi can be profitably restarted with a good chance of getting the Capex funding imo.
The Study should also provide a pathway for a near term cash flow. For impatient retail investors that cash flow will be a significant near term share price driver. Even an early cash flow as low as $50m in the first year of operation from mining the pits from Q4 next year is close to the entire market valuation for the company.
These are challenging times to be starting a gold mine with soaring costs and labour shortages but the longer term prospects for Youanmi are excellent.
2.2m ozs Au @ almost 7 g/t is a standout.
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13 | 1124221 | 0.130 |
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6 | 1376000 | 0.120 |
2 | 18198 | 0.110 |
Price($) | Vol. | No. |
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