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.
A Scoping Study is underpinned by a solid resource so with both...
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17.0¢ |
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Mkt cap ! $62.79M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.8¢ | $69.11K | 407.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 600593 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 216793 | 6 |
View Market Depth
| Last trade - 11.47am 27/05/2024 (20 minute delay) ? |
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16.8¢ |
Change
0.000 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 16.5¢ | 282464 | ||
| Last updated 11.56am 27/05/2024 ? | |||||
| RXL (ASX) Chart |