RedDirt actually has a market valuation double that of Rox at $121m LCL spent $4.2m in 9 months Horizon Gold spent $2m over a quarter and say that won't be spending that much going forward. etc etc A big spend is a strong indicator of exploration activity and Rox has the biggest program for its MC on the ASX. Everything has a risk: Perhaps another Penny will not be found, Perhaps all the results from Link, Main and Junction will disappoint. Perhaps the Fisher Gold exploration will not impress or no commercial VMS deposits or gold will be found at Eureka. But all of these are strong chances imo and we only need one of them to pay off to see the Rox market valuation double or triple. Another Penny would add $150m, more exploration success that will restart the Younami Mine would add at least $100m following finance, Eureka could host another Julimar, add a $1B or so, Fisher Gold could be a major resource worth $100m+. Rox has strong potential to be a multibagger imo,
RXL Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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