I think it should be more than 2.8Moz.
Afema ML Historical Resource:
EstimateA number of economic and technical studies have been prepared on the Afema project prior to Teranga’sentry into the Afema JV with Sodim. The most recent study, which included a mineral resource estimate forthe Afema ML, was issued by RockRidge Consulting Services Geologists for and on behalf of TGL and isdated as of June 27, 2016 (the “June 2016 Historical Estimate”). The June 2016 Historical Estimate includesan Indicated oxide resource estimate of 110Koz (comprised of 2.7Mt at an average grade of 1.26 g/t Au) andInferred oxide resources of 122Koz (comprised of 3.0Mt at an average grade of 1.26 g/t Au). In addition, itincludes an Indicated transitional resource estimate of 59Koz (comprised of 1.3Mt at an average grade of1.39 g/t Au) and an Inferred transitional resource of 28Koz (comprised of 0.8Mt at an average grade of 1.11g/t Au). Finally, the June 2016 Historical Estimate provides a sulphide resource estimate as follows: 865KozIndicated ounces (comprised of 17.3Mt at an average grade of 1.55 g/t Au) and 806Koz Inferred ounces(comprised of 17.8Mt at an average grade of 1.40 g/t Au). This historical estimate is reported as using a cutoffgrade of 0.5 g/t Au.(that coming from Teranga's JV announcement)
The total resources of Afema is 1.99 Moz, plus newly discovery Woulo Woulo, more than 1 Moz for sure.
We should hear 3 Moz plus when TCG announce the resources.
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