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.