Rox Resources Ltd.(fka RXRS)

[QualityStocks]

Beacon Equity Research Awards Rox Resources a $0.20 Target Price

Rox Resources is focused on acquiring Canadian mining properties and plans to explore for copper, zinc, gold and other valuable metals. The company’s main mineral property is the Fox Mine which is located in the Canadian province of Manitoba.

Nearly 12 million tons grading 1.82% copper and 1.78% zinc were extracted from the Fox Mine between 1970 and 1985. Beacon Equity believes that the value of untapped mineral deposits associated with the Fox Mine could easily exceed $6 million and may approach $12 million.

The government of Manitoba has issued legislation in the past which encourages the exploration and development of its mineral deposits. According to a Fraser Institute survey, Manitoba is the world’s most favorable regulatory environment for mining investments.

The demand for copper, zinc and other metals has increased on a global scale while supply remains at low levels. This situation creates an excellent business opportunity for Rox Resources to produce large revenues and become a leader in the industry.


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