Robex Resources Inc V.RBX

The financial statements are out

[ABDPhil]

Good reading

[willfr34]

These results are absolutely fantastic!

[studpuppy]

With all do respect Will , not so fantastic for me...let's just say the rain put a damper on Q3. Expenses are up , admin expenses almost doubled from last year (q3 2019) production down 30% from q3 2019 ...(because of high rain season)  way behind schedule on drilling program due to rain and covid  A bit of creative accounting to save face (by selling 7800/ounces from june) 

[Torontojay]

Administration expense to sales ratio year to date is about 13.2% compared to 13.5% for last year. Net income is what you need to look at. If they produce another 30 million in cash flows for the fourth quarter then we arrive at 80 million for the year! All this and the market cap is under 250 million. 

[ABDPhil]

Hello Torontojay,   Considering that we obtained in cash flow for the first 3 quarters of 2020, i.e. $ 18,749,000 + $ 7,458,000 + $ 28,058,000 = $ 54,265,000, we should obtain $ 25,735,000 in 2020-Q4 for a grand total of $ 80,000,000.   Here is my cashflow projection for 2020-Q4, as well as the process. To achieve this, we need to estimate 4 pieces of information, namely the number