The Investment Doctor
Long/short equity, value, debt, base metals

Rubicon Minerals - A High-Grade Underground Gold Mine In Canada


In this article I'll discuss Rubicon Minerals (RBY), an gold-focused company with near-term production potential at its Phoenix Gold project in the Red Lake district in Ontario, Canada.

I'll first give a general description about the company and its flagship Phoenix Gold project in Ontario. Thereafter I'll discuss the outcome of the updated PEA which was released just a few weeks ago. I'll move over to the outlook and will provide a sensitivity analysis to see how dependent the company's operating cash flow is on the price of gold. This will result in an investment thesis at the end of the article.

As Rubicon is a Canadian company, they report all financial numbers and cost estimates in Canadian Dollars....

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