ROXG undervalued, takeout possiblePlayed with the numbers for ROXG and it is definitely undervalued.
You have a company producing 120,000 to 130,000 oz of gold, at a AISC between $930 -$990 and 371M shares out while the POG is around $1730/oz. Use a 10x multiple and you should get around $2.50/share less any Non Sustaining Capital Costs, interest, taxes, etc. Crazy that ROXG sits at only $1.27 when there is also another mine coming onstream next year. Easy takeout candidate. Speaking of, there is another way undervalued gold producing company called Gran Columbia Gold who just tried to buy Guyana Goldfields. Who knows, maybe GCM will come sniffing around and take a shot at ROXG which I've been holding shares since around 70 cents and will wait for at least 2 bucks, maybe even $2.50 or higher ! Gold is expected to go even higher which is great for gold producing companies. M&A going on right now, DGC purchased by KL, SMF & EDV merger, G purchased by NGT, ALO and AR merger, just to name recent ones. Why not ROXG and ?
Good Luck.