RXL 6.90% 15.5¢ rox resources limited

The Rox JORC coming this month, page-165

  1. LPN
    142 Posts.
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    Agreed @GT55 - not unexpected and not great. Needed to be at least 300kOz in Grace and the rest at 3g/t plus. The ann this morning is a bust IMO.

    Having said that, I'm kicking myself for dumping my holding last week at 2.9c - AP the $16k/week man had worn my patience just that little bit too thin. Should have waited another $16k.

    And just FYI - there is no such thing as a "bankable" or "definitive" feasibility study, not since JORC 2012 came out, maybe even JORC 2004 (I'm not going to check that far back). There are only Scoping Studies, Pre-Feasibility Studies and Feasibility Studies (note the capitalisation). I get the impression that AP hasnt actually read JORC or Chapter 5 of the listing rules or Guidance Note 31 though, or at least hasnt bothered to take the time to try to understand them - not many people do and of those who think they understand them, maybe one in twenty actually do.

    Good luck to anyone left holding.
 
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