Technically this share price is making higher swing highs and higher swing lows, within a descending channel. Descending channels tend to break in the opposite direction of travel.
What is required is a breakout and retest of the upper bound of the channel, so investors know where the next level of support lays.
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Riaan Esterhuizen, Executive Vice President – Australia stated, “The last month has delivered a significant number of value
enhancing organic developmentsfor our royalty properties, most notably the commencement of construction at the A$462M Binduli
heap leach expansion project by Norton Gold. This Binduli expansion was the key near-term catalyst that Vox management
anticipated when we acquired the Janet Ivy royalty in March 2021. Additional engineering study progress at Bowdens and
Pitombeiras, combined with drilling success across numerous properties capped off a very exciting month for our royalty projects.”
What is required is a breakout and retest of the upper bound of the channel, so investors know where the next level of support lays.
- Unique, defensible intellectual property
Strong weighting to precious metals royalties
Exceptionally strong M&A pipeline
Track record of investing in royalties with significant growth or expansion catalysts
Built in diversification - Exposure to a portfolio of projects
Exceptional operating margins - No debt
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- Construction commenced at Janet Ivy expansion project Binduli North by Zijin Mining subsidiary Norton Gold;
Scoping study begins on underground mining scenarios at Bowdens silver project by Silver Mines;
45% increase in total mineral resource estimates at Pitombeiras by Jangada;
A$10M drill program underway and final project approvals targeted in 2022 for the Sulphur Springs project by Venturex;
and
Continued drilling and permitting update at Lynn Lake (MacLellan) by Alamos.
Riaan Esterhuizen, Executive Vice President – Australia stated, “The last month has delivered a significant number of value
enhancing organic developmentsfor our royalty properties, most notably the commencement of construction at the A$462M Binduli
heap leach expansion project by Norton Gold. This Binduli expansion was the key near-term catalyst that Vox management
anticipated when we acquired the Janet Ivy royalty in March 2021. Additional engineering study progress at Bowdens and
Pitombeiras, combined with drilling success across numerous properties capped off a very exciting month for our royalty projects.”
