i was playing around with a post on this this morning but then realized it was all in the slide presentation
Rox’s market cap should be >$40.0m (>3.0 cents/share), without any exploration upside factored in Independent research has valued Rox at $47m, or 3.8 cents/share
however using non company terms (and I stipulate someone who knows this stuff would be better than me but ill say a traders mindset here) - cash backing is 21m market cap, then you have the old mt fisher and DRM nickel asset and i think that was when they gave a valuation of 2.4 cents - then I think you need to add in the new tenement with cobalt as that is now on top of those old nos and the coolurabbie project - so i would guesstimate another 10 mill minimum to around 30 million not knowing how to play with those numbers or what mt fisher is worth etc - as it stands now - obviously cobalt has changed the game and the grades are solid
BUT there is so much exploration coming as per the non slide company update with plenty of cash to do it im really keen to see what comes up - 3 of the tenements i dont even really recall to be honest
August is a solid time to watch (on the time cycles if it plays out)
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