Article from Resource Rising Stars regarding opportunities in Gold. including juicy price target. Nice to see RXL getting a little more media attention. And continuing the talking about theme, there was an interesting research note on Rox Resources (ASX:RXL) by Rawson Lewis analyst Mike Harrowell during the week. Apart from placing a 75c price target on the now 100% Youanmi gold project owner compared with Thursday’s closing price of 29.5c, Harrowell said the Youanmi story is similar to Bellevue.“Both were historically high grade underground mines that closed due to low gold prices rather than lack of mineralisation,” he said. Using Youanmi’s 2022 scoping study as a valuation anchor of 57c at a gold price of $A2,893/oz, Harrowell makes an upside-from-there argument based on the strong news flow across a number of fronts at the project.
RXL Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)