Roxgold Inc. T.ROXG

A few more numbers

[templetooth2]

Co. has 1,038,000 measured, indicated and inferred oz between 55 and Bag South.

Co. (as of Q3 '18)  had 374.2 million shares outstanding, about 6 million options in the money, about 4.5 million deferred share units, 3 mm restricted share units and 1 mm performance share units for approx 389 million diluted shares outstanding. Exercise of options (at about 70 cents) would bring in about $4.2 mm Cdn which I'm gonna ignore. Net cash of $30 mm US = $39 C.
At 82 cents, market cap is $319 mm less $39 cash equals enterprise value of $280 million C or $215 mm US.

$215 mm US for 1,038,000 oz means the market is valuing each oz at $207 in the ground.

People who wonder why this stock doesn't do much should read this post SEVERAL times per day and absorb some of these numbers, especially 389 million shares o/s.

[silentreader]

Interesting, thanks for that. Have you done the same analysis for other junior gold miners to see how it compares to Roxgold's ?

[templetooth2]

ROXG is from my perspective a little island unto itself. I keep half an eye on it (and even trade it once in a while) because the numbers are easy to figure out and it's an education to keep in mind when you feel yourself getting too enthusiastic about something. It isn't especially fair to compare a growth stock to a situation like Roxgold where the biggest excitement you can expect is

[liverless]

I don't think those numbers for ounces line up with the company's presentation after subtracting production from the last two years.  Unless you are assuming the p+p reserves are included in the resource (which I dont think is the case) and not including anything from Bagassi.

[liverless]

My mistake - does say inclusive of reserves in the footnotes.