Years of struggle ahead for the new RBX....with very uncertain chances of ever producing gold from the Guinea property.
Meanwhile, owning Sycamore will be an immediate drain on RBX: Sycamore reported a loss of CDN$17 million in 2021. And to actually do the work to advance the Guinea project will take multi millions that RBX doesn't have. Combining with RBX looks like a desperation move for Sycamore, as they are unable to move the project forward themselves (haven't even done a pre-feasibility study; and no compliant resource estimate), and it would be very difficult to get cash financing for any project in Guinea. I guess you could say it's a desperate gamble for RBX as well, as they couldn't afford a more advanced project, or a project in a lower-risk location.
RBX now has more ways of losing money, as opposed to just existing on a break-even mine.