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Roxgold IncROXG.TOCOMMENTNov 21, 2016Stock price when the opinion was issued
As of Jul 05, 2021. Market Open.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is a smaller and cheaper company than the big gold names. It has more leverage to deal with, discovery and multiple expansion is possible. There is more risk. Generally, small and mid cap gold outperform in a gold rally. You need to be okay with the risk. Unlock Premium - Try 5i Free
This has a very high grade gold mine in West Africa. He thinks it is a take-out candidate. It is just starting to come into production now and the cash flow is coming in. The mine is performing better than expected, which is very rare for a start up. Thinks it is a high-grade deposit, and someone will come in and buy it for the cash flow. On a take-out, you are looking at something a lot closer to $1.75.