Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

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

Bullboard Posts
Comment by forrest6748on Apr 15, 2013 8:25pm
132 Views
Post# 21257164

RE: 3 things that could keep the SP under ¢.20 acc

RE: 3 things that could keep the SP under ¢.20 acc

1. The situation in Mali is looking very good as the UN will remain  there. You should look at all the investments that has been done lately - in the last year

2. It is probably worth your time reading: https://www.thedailysheeple.com/assault-on-gold-update_042013

In regards with the price of gold, as you mentonned, this will be important for producers who produce at very high cost, like Osiko 1,100.00/ounce and this is without the new taxes from Quebec, Rangold in Mali at 900.00/ounce and lots of other ones.

RBX has a major advantage over lots of them. They will extract gold from oxyde rock and their cost in the PEA was 585.00/ounce and this was with all the buffers that has been add by the outside firm. So with all the optimization and a lower CAPEX we could expect to be near the 500.00 mark

3. there is at least 150M + shares that are under control

In conclusion, if RBX could finish the production plant and start to drill in other property the stock should go up. Plus we are expecting some drill results in the coming month from the Nampala project

Bullboard Posts