Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 HDP18on Feb 08, 2023 10:39pm
680 Views
Post# 35276174

RE:RE:Why is RBX so low. PE is less than 10.

RE:RE:Why is RBX so low. PE is less than 10.I agree with your analysis.  I looked at a bunch of junior gold but with the qualifier that they are actually making money. Now this one fit the bill, albeit their Mali property is high volume rock but low grade ore...so without developing another property they will never grow.  They got that property...it seems.  So the funding and execution is the risk, but a lot less than some concept company where it's  billion shares and still no operationally profitable mine.

The management seem and act like owners, not promoters so, yes, if you are patient and can afford the risk, I would add over time as the "investment"...not speculation develops. 

It's modest PE is more a reflection of it's size and future growth outlook...currently being delineated.

So time will tell and do your own DD

H.
 
<< Previous
Bullboard Posts
Next >>