RSRBF Robex Resources Inc featured news, full reports, and detailed charts
Robex Resources Inc (RSRBF/RSRBF.PK) Wrap Up:
Robex Resources Inc. engages in the mining, exploration, and development of gold properties in Mali, West Africa. The company was founded in 1985 and is headquartered in Quebec, Canada.Robex Resources Inc (RSRBF:Pink OTC Markets Inc)
Snapshot of Robex Resources Inc (RSRBF)
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OPEN
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PREVIOUS CLOSE
$0.10
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
04/16/09 - $0.12
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52 WEEK LOW
12/31/08 - $0.03
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MARKET CAP
9.5M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
96.7M
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RSRBF Does Not Pay Dividends
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P/E TTM
NM
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RSRBF Top Compensated Officers
Executives, Board Directors
Key developments for Robex Resources Inc (RSRBF)
Robex Resources Inc. announced that it has completed the preparatory phase of the drilling campaign planned for the Nampala gold deposit located on the Mininko permit, in the Republic of Mali. Robex is now preparing to commence its drilling campaign with the intent of increasing the quality of the resources contained within a portion of the Nampala deposit. With the information available to date, the 200 and 300 lenses found in the central and western portion of the zone indicated that inferred resources are estimated to be at 15,000 ounces of gold for Lens 200 and 71,000 ounces of gold for the Lens 300. The concentration and distribution within these two bodies represents, at present, a marginal economical potential which will be further investigated at a later stage. However, according to the block-model, Lens 100 developed along the eastern flank of the Nampala zone is host to an inferred resource of 675,000 ounces of gold contained within 14,130 Mt of ore at an average grade of 0.93 g/t Au. These resources are located between the surface and the explored depth of 150 meters.
Robex Resources Inc. announced that it is proceeding with the development activities necessary for the prefeasibility study of its Nampala gold deposit, located in the Republic of Mali. Robex has contracted the engineering-consulting firm Genivar in order to assess the resource block-model completed in the framework of the gold resource estimation study completed by RSG Global (now Coffey Mining) completed in 2007. The 43-101 compliant estimation outlined an inferred resource of 760,000 ounces of gold at an average grade of 1,0 g/t Au. The analysis of the digital block-model will serve to outline the gold distribution within the oxidised layer from 0 to 70 meters in depth. This process will also support the detailed planning necessary for the next stage of drilling within the referred mineralised horizon which is intended to upgrade part of the outlined resources into indicated and measured resources.
Robex Resources Inc. reported Unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company has posted net loss of CAD 192,075 compared to CAD 158,632 for the same period a year ago. LBIT was CAD 192,835 compared to CAD 154,985 for the same period a year ago. Cash used in operating activities was CAD 176,778 compared to cash generated in operating activities of CAD 23,561 for the same period a year ago. Addition to mining rights and titles were CAD 102,609 compared to CAD 127,431 for the same period a year ago. For the six months, the company has posted net loss of CAD 301,752 compared to CAD 330,457 for the same period a year ago. LBIT was CAD 309,321 compared to CAD 320,471 for the same period a year ago. Cash used in operating activities was CAD 662,981 compared to CAD 69,827 for the same period a year ago. Addition to mining rights and titles were CAD 181,090 compared to CAD 235,858 for the same period a year ago.
RSRBF Competitors
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Industry Analysis
| Valuation | RSRBF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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RSRBF transactions
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Private Placement
September 8, 2009 |
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Private Placement
June 10, 2009 |
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