We are in a similar situation to 2018-2019 We are in a similar situation to 2018-2019. This period marked the beginning of a significant improvement in financial results; a significant decline in liabilities; drilling activities to sustain the Nampala project and ultimately, a new floor in terms of the quality of the fundamentals.
Again, Robex will go into debt to finance the construction of the factory for the Kiniero project, which will increase annual production by 4. The construction of this new factory and the financial results that will result from it will establish a new level for the quality of the fundamentals. Due to the fact that the plant is partly already built; that we enter this growth phase with mineral resources of approximately 4 million ounces of gold; that the exploitation will probably be able to start with a relatively low stripping ratio, all of this has the consequence that the level of risk of this project is not very high compared to the added value.
For my part, I anticipate that the intrinsic value of Robex should appreciate by 300%-500% from 2022-2024. I am aware that the spectrum is wide and that it is not about SP but about intrinsic value. Nevertheless, I am convinced that many investors will rightly appreciate the integration of this new project in which our management team is committed.
The establishment of a new factory is the logical next step for a company that wishes to develop. The multiplication by 4 of our operating activities is an exceptionally important step and which occurs only once in the life of a company. As proof, it is inconceivable to think that a company such as Endeavor could increase its annual production from 1 million to 4 million ounces with the construction of a single plant. For the current shareholders of Robex and the few who follow the file, this is an exceptional opportunity. We have a particularly combative management team and I am convinced that the success of this project will also be the most significant in the history of Robex.
Consequently, I leave it to you to reflect on this and to take advantage of this unique opportunity.
GLTA