Forecast update According to the information provided by the company on January 21, 2022, we can anticipate that the gold production of 2022-Q1 will be the second best performance in the history of Robex. The best performance was obtained in 2019-Q4, a consequence of a gold accumulation problem in the elution system. What sets 2022-Q1 apart from all other quarters is its ability to sustain this level of gold production for the next few quarters and years.
Regarding the POG, the daily average is currently 2340$ CAD for 2022-Q1. As this period is not over and the POG is currently at more than 2480$ CAD, we can estimate that the maintenance of the POG until at the end of the month will push the average up to $2394 CAD. Historically, this POG performance has been achieved only 3 times, from 2020-Q2 to 2020-Q4.
In summary, everything indicates that the 2022-T1 will make it possible to obtain results consistent with a concentration of the best operational performances in the history of Robex. In $, that's over $25,000,000/4 cents per share for 2022-Q1. Annualized, this is a situation never seen before with more than $100,000,000 CAD in EBITDA for the year 2022. From now on, all dreams are allowed.