Roxgold Inc. T.ROXG

Yaramoko Gold Mine

[cigarbutts]

They already forecasted an exploration budget of $10-12M for 2019.

They are supposed to be exploring near the existing MILL to feed the mill.  

They have a 5-6 year Reserve life indexfor this mine/mill.   Trading at 2.5X-3X EV/EBITDA
with ZERO net debt...............

They are in the Hounde Greenston Belt.                They should have spent the money in the existing HOOD on exploration,  and buyback the stock.

Nobody knows what the ROE is going to be on greenfield exploration in this new project area.    Perhaps they don't find enough ounces at a high enough grade to justify any production from this new exploration asset.............ie................they PISS it all away.


The people running this company do not think like shareholders.   THey hold very little
outside of their "freebie"  shares.................Yeah,  they want to be around all right to collect salaries because nobody else would employ them to do anything else but wash
public stalls at the bus station!!

The absolute lowest valued gold stock in the Canada/US universe and they want to go exploring for more................total BS.

[auburn2]

"The people running this company do not think like shareholders.   THey hold very little outside of their "freebie"  shares.................Yeah,  they want to be around all right to collect salaries because nobody else would employ them to do anything else but wash public stalls at the bus station!!" Untrue. Lennox-King has 9.2 million shares worth almost $9

[cigarbutts]

Maybe Mr. Lennox-King is not too bright.............Inherited wealth...............or just got lucky once in Gold mining and it's been all downhill since. Look,  he has a Bach in Commerce from New Zealand...........perhapshe does not know much about  allocating capital and cash flow back to shareholders..... Look,  thecompany approved this mine expansion to QV and QV'

[auburn2]

No, check his track record. It's very good. I don't care if it's inherited wealth, just that it's a good degree of skin in the game so it ensures he has a significant amount of money on the line to maximize value for other shareholders. As for EV/EBITDA, ROXG is cheap, but that's not the best metric for a company whose revenue runs out in ~6 years. A company like STEP has

[auburn2]

Well, ROXG will then want to put into production the new acquisition with cash generated from current operations, so I guess reserves will be well in excess of what they're currently at, and I guess the gold price will be above $1700 over the next 3 years.

[yoshka2000]

Well, don't know about $1700. and how did you get to that number?

[auburn2]

That's only 30% above $1300 gold. Anyway, the latest presentation given by the CEO is very good and reassuring. https://www.brrmedia.co.uk/broadcasts-embed/5c503be3355d674ef131dbd6/event?popup=true Thats from the Cape Town conference in Feb. https://www.roxgold.com/investors/events-and-presentations/default.aspx