Net profit = 104 million US$ / Year .. Mcap = 421 US$Roxgold seems to be extreamly undervalued as of today, if we just take todays gold price $1800oz minus AISC (approx $1000) we get at net profit at 104 million a year, this measure can be seen as a free cash flow or net profit. Roxgold is also net debt free with $50 million in cash and $37 million in total debt.
Roxgold has indicated thet they projects double production when the new The Sgula Gold Project, located in Cte d’Ivoire, starts up, and here we are now with a Share Price / FCF of just 4. We are not that many months away from the final investment desition and all number so far from Cte d’Ivoire are amazing, this will clearly drive up production to 260.000oz.
But the near term groth will come from Burkina Faso, here we have very interesting news coming from the Boussoura Project, also here we have seen really high grades of gold from the first drills, news will come out soon of drills i guess. https://www.roxgold.com/operations-and-projects/Boussoura/default.aspx