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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 Jan 25, 2022 12:15pm
449 Views
Post# 34358434

RE:RE:It's funny how...

RE:RE:It's funny how...

@TheGesharoo: According to my calculations, Robex had at December 31 a sum of approximately $28 million in cash. I estimate a sale of 15,060 ounces in 2021-Q4 and a delayed sale of 2,245 ounces in the month of January 2022. Therefore, Robex will have a cash position of approximately $33 million as of January 31. The POG was estimated with the average daily price for Q4.

 

Consequently, the payment of a dividend in 2022 is realistic. Every cent paid in dividend costs $6,000,000. In the event of the conclusion of an acquisition, I believe that this money will instead be allocated to the development of the project. No matter the outcome, all that matters is to make tremendous profits.

 

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