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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 > Phil why is RBX so low.
View:
Post by ernmes on Mar 29, 2023 2:05pm

Phil why is RBX so low.

It is well managed. It still has a few more years in Mali. Also it's prospects in another country looks good.
Why is its administrtive costs seem to be a ittle too high. Is this normal $4 miillion a quarter. . It is up more than 25% from last year.
Comment by ABDPhil on Mar 30, 2023 12:09pm
The administrative costs must be analyzed on an annual basis, for the "Operation" part and for the "Corporate Management".   Concerning "Operation", it is stable and around 3,000,000$/Q. For "Corporate Management", the T3 is always higher because that's where the bonuses are paid. In addition, the team is growing and the costs follow, as for all ...more  
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