RE:RE:RE:RE:RE:Happy new year RobexRob sorry for the late response. I was out of the country.
I am in agreement with you that earnings will not do a lots. The maths are about 3,800 ounces per month at a cost of 700.00 US ( N. B. the production cost should be lower at around 600.00/ounce but for the moment we will take the 700.00 /ounce) with a sell price of 1,200.00 per ounce = 500.00 US in profit per ounce X 3,800 ounces /month = 1,9 M US /month in profit or 22,8M /year. So forget any type of dividend even in the near future.
When we get to the production of 60,000 ounces /year ( 5,000 ounces/month) the profits will get bigger if the price of gold remain at 1,200.00/ounce or increase.
The only way we can increase the stock price will be by increasing the property/properties value ( if we get back some of the other permits). So more drilling is a must.....
Robex need also to get their acts together in regards with market strategies, because they have been totally awful. I have never seen a management who has destroy the wealth of their investors as they did.
I am still hold my shares as well and it might take some patience for the reward, which I don't believe will at the level we had expected.