The publication of this 43-101 Technical Report is an important milestone.
What is expected for the next few weeks: The official conclusion of the agreement between Robex and Sycamore; transfer of trading to the TSX; and equity consolidation at a ratio of ~10:1.
Through its new market capitalization, its new market place and its consolidated SP, Robex will be a company that complies with the prior selection rules for many private and institutional funds. In the medium and long term, these new parameters are favorable for an increase in SP.
For the next few months, let's hope for details about the initial production capacity of the mine; occasional follow-ups on the progress of the project; drilling results for the Kiniero project; the unveiling of the 2023 exploration plan for all of our permits; interim operating results for the Nampala project; closing of financing for the Kiniero project; external support such as stable or increasing POG.
In the meantime, keep in mind that the delays observed for the conclusion of the Robex/Sycamore agreement had no consequence on the course of the development of the Kiniero project. This agreement was drafted with the objective of allowing immediate management of the project by the Cohen team and entirely financed by the cash flows generated by the Nampala project.
In conclusion, we must stick to a dilution of 30-40% for the shareholders, an overall production capacity of the group increasing by 220-300% / 160,000-200,000 ounces of gold per year and a first production of gold in 18 months for the Kiniero project.