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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.


TSXV:RBX - Post by User

Comment by ABDPhilon Aug 10, 2020 12:19pm
222 Views
Post# 31387853

RE:RE:RE:Fundamentals

RE:RE:RE:Fundamentals
We should never minimize political and security issues just as we should not amplify them. Personally, I believe that the tremendous financial results of the Nampala mine could not be achieved in a place where these issues do not exist, such as in Canada. I made the choice that this risk was worth it and that the positive aspects largely outweighed the negative aspects. Therefore, I do not consider these issues to have a significant impact on the stock price.
 
Regarding the fact that the Cohen family owns 67% of the shares in Robex, I have to tell you that 90% of my purchases were made while the Cohen family held this position. I think that answers your question. The confidence I have in this management team has been built over the years and the results show that this confidence is fully deserved. Considering that I am an ordinary shareholder, just like you, I have no special relationship with the management team.
 
Regarding the 60 cents you are referring to, this is not a projection of the target price but rather an estimate of the value of Robex. If memory serves, this value estimate is based on a very conservative price-to-earnings ratio and a now very conservative value of gold. This margin between the stock price and the value is very important to me.
 
Finally, do not confuse drilling results with resource calculations. I attach much more importance to the resource calculations because one can draw many more conclusions from them. The drilling results are essentially good for fueling hope.
 
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