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Tag: Vox Royalty Corp.

Red Cloud | redcloudfs.com

Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap

Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.

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Red Cloud | redcloudfs.com

Vox Royalty Corp. (TSXV:VOX) – Vox Acquires Limpopo Royalty; Increases Exposure to PGMs

Vox Royalty has executed a binding agreement with a private South African company to acquire two PGM royalties on the Limpopo PGM project for total consideration of C$10.4M. Overall, we view this acquisition as a potential game changer for Vox as we add ~C$34M of value to its portfolio at marginally low risk. This royalty suddenly becomes its largest asset by way of NAV. After incorporating this royalty into our valuation model, we are increasing our target price for Vox to C$6.40/sh to account for the large size (36M oz M&I+I PGE resources) and long life (23-year LOM) of the Limpopo project.

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