maybe tomorrow for the news , maybe Friday , maybe not ,hurry up...

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27/07/22

18:36

Post #: 62761939
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Originally posted by m0ngy: ↑

The impact of feasibility studies depends of their profitability but also their likelihood of getting the Capex finance.
RED is a monster but a low grade high Capex beast, rather like Capricorn (CMM).
They both brought out their feasibility studies showing large free cash flows but the market reaction was one of skepticism.
Is it fundable?
In both cases the market reaction was overly cautious, CMM is now a $1.3B company ad RED is $577m.
Rox is valued at less than $44m.
Rox has the Capex dilemma front and centre in mind imo.
They will be restarting Youanmi with the smallest scale mill and lowest possible Capex requirement.
When they bring out their Scoping Study the likely market reaction imo will be that they actually can raise the finance and restart Youanmi.

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maybe tomorrow for the news , maybe Friday , maybe not ,
hurry up alex

1/ scoping study 2/ mining plan 3/ bankable study 4/ finance , all 4 are possible very SOON
HOLD ONTO YOUR ROX

RXL Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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maybe tomorrow for the news , maybe Friday , maybe not ,hurry up...

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maybe tomorrow for the news , maybe Friday , maybe not ,hurry up...

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