wow nice find!
Also I hope that shareholders dont have their expectations high for these results i.e. the tailings, 1 it is more of a validation exercise to what we already know is there i.e. dont expect great grades etc....
Similar to satellites/Morila 1.3Moz as well, the chances of them have super great results is low and it just a validation exercise (i.e. putting an official number) not a new discovery. The main purpose of these initial drills, is to put a floor for the company so we know how much we go to play around with for LOM (hopefully 2MoZ plus at 1.5g grades), which provides certainty of income for the next 10 years. We already know that we can make profit with average grades. Once we define the resource there should be a rerate only because we dont need to wait for 2 years or fork USD$300m+ for a mine to be constructed to start exploiting the resources.
The potential further upside would be more drilling Morila 2.0 (post dewater) and Regional (Koting, Koble, Koura, Dankassa) and that immeasurable/wild card atm.
The other 2 wildcards is our Lithium (GLN,AVZ,PLS,GXY,LTR all up atm) and also a new MD appointment.
Ann: Drilling commences at Morila, page-241
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