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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.


TSXV:RBX - Post by User

Comment by ABDPhilon Dec 17, 2020 9:08am
302 Views
Post# 32126729

RE:Looks like more paper on the way

RE:Looks like more paper on the wayHello Mr T,

Quantitative easing, sure there will be more to help the US economy recover. A lack of consensus between the two political parties on this subject is unlikely. Consequently, it will be favorable for an increase in the value of gold.

If there was any possible presence of deflation, it would be bad for gold. But considering that the efforts needed to combat this deflation would involve further quantitative easing, this would ultimately be favorable for an increase in the value of gold.

As for the trillions promised for climate change and other major societal projects, it will be more difficult for the Democrats. For 4 years now, there has been a worrying division between these political parties, which is an additional difficulty in getting major changes adopted.

For now, the best Democrats can hope for is a slim majority in the Senate, which would add to the slim majority in the House of Representatives. For my part, I believe that the significant legislative changes proposed by the Biden clan will require a high level of acceptability, which is far from won. Therefore, I would be surprised if QE would take place on these projects.

Over time, we can hope that global economic activity will recover, but it is a safe bet that these episodes of quantitative easing will eventually have negative effects on inflation, which will be very favorable for an increase in the value of gold.

In conclusion, there are really several scenarios that indicate that gold has a good chance of heading to new highs for several more years. Let us remain vigilant because companies such as Robex will probably be the stars of tomorrow.

GLTA
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