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.Rox changed it's strategy when the company made the Paddy's Lode , Midway and Linda Gossan discoveries.
- 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.
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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13.5¢ |
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Mkt cap ! $55.17M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.5¢ | $11.38K | 84.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 480392 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 293274 | 6 |
View Market Depth
No. | Vol. | Price($) |
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12 | 1024221 | 0.130 |
4 | 171200 | 0.125 |
6 | 485008 | 0.120 |
3 | 22798 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 168592 | 4 |
0.145 | 353599 | 3 |
0.150 | 209914 | 3 |
0.155 | 215972 | 4 |
0.160 | 313079 | 4 |
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