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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 Mar 25, 2024 11:29am
505 Views
Post# 35950786

RE:What would you do..

RE:What would you do..
Accounting standards are strict, and it is these rules that determine what is recognized in the operating expenses and assets of the company. Operating expenses are subtracted from income and reduce taxes payable. For assets, it's the same thing, but the subtraction is done over the following years.
 
That said, Robex does indeed generate a lot of profit, with an EBITDA that now exceeds $50,000,000 per year. And this depreciation of assets will further boost this EBITDA, which should reach $60,000,000 in 2024. Rather than seeing this value sleep in the assets, it will be reinvested to create more. Those who understand this will be able to appreciate the quality of the financial results which will be published in 1 month.
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