I have been trying to understand why ROX's SP does not reflect the large amount of gold stated (~1.3mil ounces 'indicated' alone) in their latest JORC resource from April.
On first glance there appears way more than enough drill holes to support their resource estimates (2,654 RC's and 554 DD's). But reading a little further through the JORC you can see this piece of land has been through the ringer in terms of owners.... with those drill results being built up over a period of 50 years from 8 different companies.
So I'm wondering if the market has a trust issue with the underlying data that supports the JORC?
As talking the JORC on face value RXL feels way under valued.... and seems to have been so for quite some time now (even compared to it's peers).... I feel it's a buy, but I'm not sure why the market has never really liked it?
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $80.06M |
Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 19.0¢ | $438.9K | 2.201M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 88314 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 47615 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 88314 | 0.190 |
1 | 5000 | 0.185 |
2 | 12778 | 0.180 |
2 | 205657 | 0.175 |
5 | 321074 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 47615 | 1 |
0.200 | 312629 | 3 |
0.205 | 96574 | 5 |
0.210 | 447901 | 6 |
0.215 | 100000 | 1 |
Last trade - 15.57pm 28/10/2024 (20 minute delay) ? |
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