Understanding Hawkes Point

As at mid-February, Rox is sitting on a high-grade probable mineral reserve of 3.8 million tonnes at 4.4g/t gold for 546,000 ounces of gold, within a total mineral resource of 16.2mt at 4.4g/t gold for 2.3m ounces of gold.
Management says its results from the northern end of Youanmi are also important, as these are all close to but outside the existing resource and mine plan, providing confidence the company could add more ounces to the resource that would quickly flow through to the ore reserve and mine plan.

~12,000 assays on the way

(current mkt cap of ~$200 million feels cheap to me compared to others .. and The potential cashflows, if/when processed)

takeover also can’t be discounted after release of feasibility studies

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I have had the privilege of watching closely how Hawkes Point (HP) go about their business … with special reference to OBM.

HP were instrumental in the recruiting of Luke Creagh to OBM … and the results are there for everyone to see (up 2000%)

Hawkes Point also have a meaningful position in RXL and I would expect them to top up in the development financing.

HP recruitment of someone like Phil Wilding also rings bells in that this company now has someone experienced running the show that clearly knows what he is doing

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chart indicates it may be going much higher to me