RXL 3.45% 14.0¢ rox resources limited

Searching for another Penny rather than building on your...

  1. 10,075 Posts.
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    Searching for another Penny rather than building on your existing resource for that critical mass required for project development is a pivot away from the narrative the company have been spruking.

    RR has made it obvious that he doesn't much like the 2022 Scoping Study pathway to production.
    • There is a lot of interfered to indicated conversion to do which will be time consuming and expensive
    • The gold output and free cash flow are only moderate.
    Rox changed it's strategy when the company made the Paddy's Lode , Midway and Linda Gossan discoveries.
    All three have a high potential to add hundreds of thousands of ozs at very high grade and success at just one of the three will be enough.
    A big high grade deposit will dramatically upscale and accelerate production.
    That's why Rox changed from slowly and expensively building the Youanmi resource to exploring the 3 new discoveries.
    It was a bold and smart pivot imo and when Rox returns to feasibility studies the metrics of Youanmi are likely to be much improved.

    my opinion

 
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