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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

Comment by stocksnbondson Jan 18, 2021 3:41pm
139 Views
Post# 32321993

RE:RE:Drill results

RE:RE:Drill resultsYes, great results indeed!  If we did not get the bump now, we will once the resource is updated. There are 4 drills on the Koula property in question! That's huge. Gold has also come off it's August highs. Once we see the $ US start declining again, we'll see a reversal in gold. 

This is frustrating for all longer term investors although we know that there's much gold still to come into the resource estimate. This is a time to accummulate even though it is challenginbg to see both gold and ROXG fall in price. Frustrating-- yes. if value doesn't show soon this company will be taken out sooner than later. 

I'm predicting a takeout later next year after gold pour. If they build the plant sooner, I see ROXG as a nice little two producing mine company. That in and of itself will increase the multiple and rerating of the stock.  Within two years ROXG will be producing 240K Oz AU. That's fantastic! the share price will eventually reflect the value of gold and increase in production. 

good luck all,

sb 
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