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Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Bullboard Posts
Post by goldbull636on Mar 03, 2013 10:11am
202 Views
Post# 21069265

Updatd 43-101

Updatd 43-101

I look forward to the updated 43-101 and we are still trying to find the bottom and where it ends to the east!

Plus we still have zone 109 & 117 to go back to which could be more zone 55s!  We know that ROG still has many more targets to test out (I forgot the exact number).  I posted a long time ago that a local guru geo told ROG after studying zone 55 and the geology of the property that there could literally be many many more zone 55s on it.  This is what convinced past management to try a few targets and this is how they discovered zones 109 & 117!  Once we finally delinate zone 55, I expect new zones to be found.  Why do you think institutional ownership has been at approx 60% well before any 43-101 was out and the stock price was below the traditional $2.00 minimum?  Smart money got in early as the geology is saying something about the potential.

I expect the updated 43-101 to come in between 1.3 - 1.6 million oz at 20 gpt as it depends on which holes got included in it since they are still drilling and haven't found the bottom or where it ends to the east.

Insiders are buying and the institutions continue to buy. 

 

Bullboard Posts