Robex Resources Inc V.RBX

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

Metals & Mining Gold

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.

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Robex Resources Inc

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Post by ABDPhilon Jul 28, 2021 9:28am

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Post# 33615947

Am I surprised?

No, I'm not surprised to see the strong correlation between AGG's stock price and that of RBX. If you multiply African Gold Group's stock price by 3 since the end of June, the chart will be almost identical to Robex. It is not a coincidence.

If this perfect marriage is made in the ratio of 3 shares of AGG to 1 of RBX, the annual free cash flow will be 30 cents or more when the new plant is fully operational. Obviously, a company that generates 30 cents of free cash flow annually cannot trade at 40 cents. At just 5x the profit and with a 10% discount we're at 237% return.

With a possible increase in the production capacity of the Nampala plant and the development of the Sanoula permit, I believe that this formidable management team has not ceased to impress us.

Clearly, Robex is on the rise and we can count ourselves lucky to have such a high level of knowledge as the first phase of external growth in its history begins.

GLTA

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