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16.5¢ rox resources limited

Rox's low Capex opportunity to start mining, page-193

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punter45

8,033 Posts.

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02/08/22

12:42

Post #: 62875615
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Originally posted by m0ngy: ↑

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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sp won’t get re rate with scoping study

RXL Price at posting: 26.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 16.5¢		Change 0.005(3.13%)		Mkt cap ! $64.83M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.5¢	$4.513K	27.35K

Buyers (Bids)

No.	Vol.	Price($)
18	965431	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	411304	4

View Market Depth

No.	Vol.	Price($)
18	965431	0.160
9	403290	0.155
8	406672	0.150
5	185689	0.145
2	12142	0.140

Price($)	Vol.	No.
0.165	411304	4
0.170	419915	4
0.175	179581	3
0.180	181185	6
0.185	232334	3

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 16.3¢			Change 0.005 ( 1.52 %)
Open	High		Low	Volume
16.3¢	16.5¢		16.3¢	17622
Last updated 14.25pm 29/05/2024 ?

RXL (ASX) Chart