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Bullboard - Stock Discussion Forum 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... see more

TSXV:RBX - Post Discussion

Robex Resources Inc > Too small ..... needs to get bigger
View:
Post by zzstocks70 on Apr 29, 2021 11:34pm

Too small ..... needs to get bigger

Not going to attract much interest at 50k per year. If it's not going to grow it might as well be private imo. Numbers are good, just too small... needs to get to 150k + oz.annual production profile imo...glta
Comment by ABDPhil on Apr 30, 2021 8:31am
150,000 ounces of gold per year? Why not? It would be a turning point for Robex. We have to think and choose the right project. Robex has the team and the financial position to be a serious and respected player.
Comment by zzstocks70 on Apr 30, 2021 3:30pm
Agreed... I just think they are too afraid to get a deal done... lots of tire kicking! Imo
Comment by shinshin on Apr 30, 2021 5:15pm
Does anyone know if Robex still has a drilling program going on at site and if so, how many rigs are still working? Also, if they are still drilling is there a timeframe as to when they will update the reserves?  Perhaps they are looking to grow organically first and once the share price is higher they will have more bargaining power.  All in in all I think 2020 was a decent year ...more  
Comment by studpuppy on Apr 30, 2021 5:40pm
Hey shinshin, if i read the reports correctly, i think out of the 7 rigs that were working , there is only 1 now , they explained it why and what that rig was doing ...but being a number guy, i forgot lolll As for the drilling, it won't be anywhere near like 2020, because that objective was achieved, to increase our ressources. Now they have other priorities. regards stud
Comment by shinshin on Apr 30, 2021 5:52pm
Thanks studpuppy!
Comment by ABDPhil on Apr 30, 2021 10:15pm
The quantity of drill has been reduced to one as the 2020 new mineral reserve definition program is now complete. We now have 10 years of mineral reserves and the priorities have indeed changed. This priority now is to identify new mineralized zones. Identifying new areas requires a mesh size of around 100 meters, sometimes more, and therefore a single drill is sufficient. To define new reserves ...more  
Comment by zzstocks70 on May 01, 2021 4:53pm
Well we are not going to grow much with one rig going.... time to step things up and get a deal done... the jrs are going to start taking off imo. Which will make expansion more expensive. Glta
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