RE:Cashflow dictates a much higher share priceIt's ashame the street simply takes 120K- 130K Au production for granted.
ROXG has produced and delivered low-cost gold over the past number of years. Nothing fancy.
What a gem! I first found this when I was researching the Hounde gold belt as I was in EDV.to and saw the great potential in the area. ROXG popped up as a low cost producer in the area and I've been in this for the last two years.
At this point, I think that the gold price will be dictating the prices of most gold companies assuming they deliver on expectations. As gold moves, so do these companies. I have no doubt that ROXG will have a re-rating closer to the new mine(s) being constructed and gold explored. For now, it's simply building up its cash so it can use it for the new mine construction.
This is still a relatively under-watched/followed company.
It would not suprise me if a bigger company e.g. EDV or another comes in a scoops this for under $2.00. I would hope not as this is worth alot more as a two-mine operation hovering on 250K AU gold being produced/year. Roxg is a true gem.
sb