RE:RE:3rd potential project in discovery mode.......I beg to differ..... if ROXG has been noticed in the market-- I mean with bigger institutional players, this wil be closer to its NAV. Right now, It's not. It has another mine coming on within two years and a third project as was noted in today's news release. ROXG does a pi$$ poor job of highlighting its story. It is absolutely fabulous at discovery. It is not as good at bringing investors onboard.
ROXG should be trading over $2 based on current production and cash flow. Every $100 increase in POG brings in an additional 3.5 million in profit. Multiply that by 4 quarters and that is the growth in profit per year -- not revenue-- profit when taking into accounnt AISC. Also note that POG has increased from anout 1400 from start of the year to 1900 now. That is the story that must be told. The two potential new mines is simply news on another stratosphere. ROXG should be way higher than where it is now. How much? Depends if you're a cash flow guy or work off PE ratios. Both take you over 2 if not $3-4/share. That also discounts the new mine decision next year and today's news for a third potential project.
I would hate for ROXG to be taken out at such low levels. Mark my words.... others will see what we see as an undervalued mining firm. They will try to take ROXG out at a 30% premium and even that will be much lower that where it should be trading at. Let's see where this goes. In the meantime, I'm enjoying the rise in POG and holding only gold producers and explorers.
ROXG needs better PR. Hopefully they will see this as well.
sb