Catching the bottom of a low volume sell off often leads to losing a a very profitable trade.
Youanmi already hosts a resource of 12.4Mt at 2.97g/t Au for 1,190,600 ounces of gold, including a “near surface” portion of 10Mt at 1.65g/t Au for 532,000 ounces of gold.
Have a look at the Grace and near mine hits, show me another explorer with a market cap that isn't twice Rox's with similar results.
High grade, shallow, oxide gold with an AISC of $700 oz au according to Canaccord's research.
How much gold is there? Hawke's Point made their third entry to an Australian gold miner as a cornerstone investor after they did months of due diligence that of course included their own calculation of the Grace JORC.
The model Rox are following is multi bagger CMM, with Hawke's Point a cornerstone investor.
Rox has continued high grade hits at Youanmi South and Junction with drilling underway to add to the JORC.
Rox (and Hawke's Point) have recruited a world class team to bring the company into production.
JORC this month, this is a near term driver of the SP with potential to double the SP and more imo.
Then Rox has regional high grade finds in the Younami Shear (hosting RMS's Penny and a number of historical high grade gold resources).
Rox currently have a $10m + exploration budget to find more gold.
4 rigs are now operating AC, RC and DD (x2 operating 24/7).
A second resource upgrade will be delivered towards the end of this year to feed stage 2 of the production pathway.
Rox have a clear pathway to production, starting with a relatively low Capex plant ($50m).
$100m profit PA is projected after the Youanmi mine restart.
Rox is valued at just $68.5 m right now.
Rox is also drilling at Mt Eureka at Red Bluff following up a promising VMS (copper/gold) hit with surface samples at 20g/t au.
Opportunity knocks but not for long.
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $17.16K | 126.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 581909 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 124999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 581909 | 0.130 |
7 | 554900 | 0.125 |
9 | 544231 | 0.120 |
1 | 8750 | 0.115 |
4 | 68099 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 124999 | 1 |
0.140 | 160257 | 5 |
0.145 | 479895 | 6 |
0.150 | 121661 | 3 |
0.155 | 105000 | 2 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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