ROBEX, in the future Since April 2022, the date of the announcement of the merger between Robex and Sycamore, drilling results have always been very good. With recently initiated infill drilling, new mineral reserves and resources will be determined; others will migrate to a higher category; and everything will be reconciled in the optimized feasibility study report. From there, the project will be able to present an increase in its economic value, and create more opportunities.
Already known and discussed many times, the construction of the mine, financially supported by Taurus Mining, is option #1. With the next 43-101, the parameters will be clarified with a view to reaching another level of economic efficiency, without forgetting the long-term potential on which Robex is investing efforts in parallel, north of Kiniero.
Considering the quality of the drilling results obtained, we can also consider another merger, this time with an established gold miner; positive cash flow; geographically complementary; holder of quality exploration permits, which respects the spirit of the Robex low cost model. A larger and more diversified company would facilitate business growth and be respected by investors. If Robex wishes to become the Starbucks of small gold mining operations, consolidation is necessary, to limit competition for assets, and for all the synergies that result from it.
As a last opportunity, there is the possibility of an offer for the repurchase of assets in Guinea. We cannot ignore the presence of Predictive Discovery, which is exploring the Bankan permit, bordering Kiniero to the north. Bankan; Kiniero and Mansounia, it will soon be 10,000,000 ounces of gold, and no large gold company is independent enough to ignore this potential. However, the buyer will have to pay the price, considering the rarity of these deposits; the independence of Robex and Predictive Discovery. At Robex, this independence is ensured by the financial support of Nampala and its strategic investors. For Predictive Discovery, it is Eric Sprott and other numerous financial partners. That said, both manage to develop the potential of these assets, which can significantly influence the acquisition cost.
In short, the opportunities are numerous and all have potential interest, depending on the parameters that remain to be specified. In the short term, the technical report planned for Q2 should help measure the importance that should be given to each option. For my part, I remain open-minded, because the simple fact of having choices is something wonderful.
GLTA