Conceptual target upgrade 4.8M-8.3M ozs. gold, page-150

Sure 4.8m to 8.3 m oz is OTT but half that number is getting close to the initial ball park.....

As for "erratic numbers" from the other poster, are they really that erratic? Sure a couple of holes have been lower grade and shorter lengths of mineralisation but heck, it's a stats and economics game after the drills have stopped.

Plenty of high grade zones in the mix to help the 'average' grade.....

If the resource is expected to be 2m oz +, i'd suggest we're looking at a MC of circa USD200m (more if these guys are as good promoters as their history/track record suggests) , thereafter it comes down to how compelling the economics are likely to be (strip, metallurgy, capex etc - noting Youga is close (55km odd close), not sure the closer Chinese mine is a fit?) and how much interest in the gold sector, largely a function of the prevailing gold price.

As someone said recently, the fact that this deposit should start at surface in a lot of places is a big big win.

Will we see a scoping study with the Exploration Target? Given they're now drilling on 50m spacing, that's gotta be darn close to enough for an inferred resource (but will defer to the technical types)?

We already know that West Africa is a coveted spot for gold M & A action, as do the numerous notable CDV directors.

In a gold bull, is USD 200/oz an unreasonable multiple for what should be a relatively low cost open pit operation?

I think not.

To refresh, line C in the picture below is now line E in the most recent ASX release....