A Scoping Study is underpinned by a solid resource so with both the Study and the Resource Upgrade due this quarter it makes sense for the upgrade to be announced first.
Rox tweeted the following today.. a hint I would think that the resource upgrade will be very strong. . An excellent outcome would be 3.5M oz au but the grade will be just as important. Most of the drilling has been near surface so the Deeps at 9,900,000 @ 6.89g/t for 2,194,000 oz Au may not have changed But the near surface which was 18M t @ 1.7g/t for 1,004,000 oz Au may well have jumped both in gold ozs and grade + strong conversion from inferred to indicated and measured.
Rox is bigger than RMS now and approaching half the size of DEG's monster resource (see below) and Younami has a much higher grade than both. Compare the market valuations.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 230979 | 0.130 |
8 | 604900 | 0.125 |
11 | 596231 | 0.120 |
2 | 17454 | 0.115 |
4 | 68099 | 0.110 |
Price($) | Vol. | No. |
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0.135 | 104806 | 3 |
0.140 | 214871 | 5 |
0.145 | 491895 | 7 |
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