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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

Post by ABDPhilon Jun 20, 2024 9:43am
654 Views
Post# 36097637

This is where we are...

This is where we are...
With $109,999,904 in new money; in addition to the subscription warrants at $2.55/2 years, for additional product $128,262,560; in addition to the extension of the bridge loan, followed by debt financing of $100,000,000; in addition to the proceeds from the sale of Mali's assets; we are very far from the bullshit that we have read here, on this discussion thread.
 
With 1,500,000 ounces of gold in the indicated resources category, including 1,000,000 ounces of gold in the reserves category; as much in the category of inferred resources; in addition to the definition drilling which continues, the technical report next September should be flamboyant.
 
For those worried about shareholder dilution, understand that this will be offset by additional mineral reserves; additional processing capacity; adequate working capital; a low level of debt; and so on... That said, the financial risks are considerably reduced and the earnings per share will be higher, despite the dilution.
 
In summary, Robex is entering the ranks of tier-2 gold companies, far from the risky bet of tier-3 companies; with long-term exploitation project; and the cash needed (~$400,000,000) to extract the value from this project.
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