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Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Post by challenger426on Aug 08, 2019 11:56am
236 Views
Post# 30007104

ROXG is still way undervalued

ROXG is still way undervaluedROXG is finally getting some respect with a breakout out to $1.23 so far today but if you calculate the numbers, it is still way undervalued in my opinion.  I have been saying this since sub 80 cents even when gold was around $1300/oz.

ROXG should produce 145,000 - 155,000 oz of gold this year at a AISC of only $765 - $795/oz.  The average gold price for 2019 is $1325/oz and rising, currently above $1500/oz and that means ROXG must be making incredible cash at these prices.  With 370M shares out and using a reasonable multiple, the numbers show a higher value than where it is today, could possibly hit $1.80+/share.  As long as the price of gold stays in this range, I think it is possible.
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