RE:RE:2019 Outlook - should see a pop tomorrow
Up 4% on a negative day in the markets. Better than any other producing gold stock....that's impressive.
Let's look at the quick numbers using the average numbers provided for 2019 before non-sustaining capital cost, debt, interest, taxes, etc.
(Avg POG for 2019 - Avg AISC) x Production / Shares Outstanding x Multiple of 10
$500 x 150,000 oz / 374,231,095 x 10
That is a value of $2.00/share less non-sustaining capital costs, debt, interest, taxes, etc. Unfortunately, we don't yet have the rest of the information needed but ROXG has to be worth at least $1+/share.
As a bonus, from the PR:
Strong balance sheet with cash balance of approximately $60 million2 and long-term debt face value balance of $38 million2 as of December 31, 2018