Hi Wasa i have been crunching numbers on Rox and spoke to them...

Hi Wasa
i have been crunching numbers on Rox and spoke to them as well to clarify some figures.

Ni production will likely be happening sooner (2016) and it is financially viable at the current jorc resource and current Ni prices.
One potential to reduce mining costs will be linking cannonball resource with camelwood and musket which will possibly enable a single mine.
With drilling underway to expand current resource .... as well as potential for resource at sabre and tomahawk, they are confident the 10mt resource will be reached or exceeded with the current grade maintained

At 2% Ni thats 200 000t

Look out for announcement early Q2 re resource updates

Part of the resource at musket is 100 000 t at 10.1% Ni which means they can mine it first and recover capital costs very quickly.

Currently looking at possibly mining 8000t Ni pa for 3 years (2.6% Ni cutoff grade)

What I find interesting is that the 3.6Mt resource is at 1% cut off grade and some other miners have cutoff 0.6% or lower to calculate resources not sure if there is an industry standard or not ??




Its currently about half the price of the Bell Potter scoping study valuation of 4.5c and that was before the further drill results announced since march.

An increase in the Ni price will be the sweetener for an already promising stock.

I and I think many others are surprised that the asx announcements on drilling results have done nothing so far to the share price. Ni investment is focused on Fraser Range and anywhere else seems to slip under a lot of radars.

I believe the CR is keeping the price down and I would expect it to rise once its out of the way

Im a new holder but impressed with the company and the potential upside LT

I'll take a stab at the potential with recovery to 2.8 - 3 c and speculatively 6c - 10c later in the year

if any one can add to, amend or point out anything wrong with my calcs and estimations please feel free to do so, as I'm only trying to help.

IMO DYOR etc

cheers SB