RXL to re rate this year. Target 75 cps, page-75

Always happy to discuss the company.
Rox had $3.5m cash at the end of the last Q.
That Quarter saw a large and costly infill drilling campaign at Link and a few holes at Youanmi South.
But Q3 has seen Rox focus on relatively cheap IP Geo Surveys
Right now there is no drilling at all, the geo team is targeting based on IP results and previous Aeromag surveys eg carried out by Venus at Linda Gossan.
IMO Rox currently has about $2m in cash,
Rox will announce a detailed exploration program on its compelling targets (see the Diggers Presentation),
Then they will approach instos to fund their exploration.
Rox is not under pressure to raise money and they will do so at a time of their choosing.
By the way you predicted that the SP would fall today.

My opinion