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Date Posted: 14:09:20 08/14/05 Sun
Author: siempre33
Subject: jackjc on Roxy

To: siempre (who wrote) 8/13/2005 9:00:40 PM
From: jackjc

siempre: I am not concerned by this pullback in Rox. There
is just no liquidity to get out if someone thinks they have
a better horse to ride. I did not see the .10 print or I
would have had that for myself. Put in a buy of 50k at .13
on Thur and got 14k, now bid higher, so perhaps no more cheap
sh. I had not bought for about 2 mo prev. Only sold once,
put in sell 60k at .24 when someone was kiting the stock.
Don't like to see a spike and collapse deal, got 41k sold
at .24 and that cooled it off. Then 24 was not justified IMO,
now it is more than justified. A slow and steady rise would
be nice, a fast rise and hold the gain, even better, but
a spike and collapse making everyone unhappy, not my kind
of play.

I expect the delay in getting the bulk sample may dissapoint
some, but with the busy exp work it is to be expected. Rox
had their driller injured off work in the bush on holiday,
and the replacement was a flop. Now have a good airtrack
driller on the gold bulk, should all be at the mill in 10 days.

As they reported on the monthly last wk, the deposit is 3
times deeper and much longer strike, with strike still open.
So looking like several yrs worth of hi-grade moly to work
on, and if the assays are anything like the core pic, we
got some fun times ahead.

My major question has always been the moly price, and assumed
we had only maybe a yr of super price ahead. so thought the
72kT defined was enough for that. But if the grade is higher
than historic drilling (Rox is using larger core with better
recovery), and if EC is right that hi-grade moly mines about
double the assay grade, then we can make a good profit at
much lower moly price. So then the deposit size is important
and we have good indication on that now.

So now my interest is in getting a better deal than the 5.00
roast charge. Rox is trying to get other quotes, and has other
possible solutions to explore.

And I want to see the mill expanded to 500T/d as soon as
plenty ore proven up. Rox has extra crush capacity and a
used ball mill with set of new liners that they bought prev.
So maybe we can look to producing both gold and moly with
an expanded mill, cost around 1M.

For the undergnd portion of the moly bulk they need a moly
mining permit, heard 6 wks. Did not know this was needed.
So the moly bulk will take a while to complete, but if it
yields anything like what I expect, its a cash cow with ore
more valuable than GG, and don't have to go down 6000 ft
to get it.

I am still hoping they can get on TSX by yr end, but this
will be the first moly mine in Ont in many decades, and the
Ont regulators will be working something new for them, so
time ???

Best wishes.

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