There isn't an appreciation in the market for just how much cash Kiaka will pump. This is a larger mine than Sanbrado with relatively simple mining and metallurgy. The production schedule from the feasibility study is based on nameplate when most mills built in the last 5 years in the area are processing 20-40% higher.
A lot of broker targets are north of $3, and I think that seems achievable in the next 12 months, barring gold sell off or Burkina Faso events.
The potential for new discoveries proximal to Kiaka or Sanbrado is also high. They haven't done much true exploration drilling for 7-8 years. Mainly been focused on expanding the existing ore bodies.
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