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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 oxinoson May 13, 2020 9:25am
270 Views
Post# 31021301

Cashflow dictates a much higher share price

Cashflow dictates a much higher share priceWith a cashflow of of US $0.07 or CAD $0.09 in the 1st quarter it is obvious that Roxgold shares should be trading above $ 2.00 a share. I can easily project a cashflow of US $0.28 . Thus, at 6 times cashflow it would translate to share price of US. $1.68 or CAD $2.30. That is with things as they are right now. This does not take into account the development of the Seguella project which is quite certain to lead to a mine that will double current production of gold! 
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