SAU is just drilling up more near term production, has a $1000 AISC pit for over 65000 ounces in production.
MLX flagged underground at SAU,s jv. Pinner has a JORC, Monument is getting drilled up for a JORC and Tooting Bec is looking to get drilled up for a JORC. Cannon underground has a JORC but PFS is in the mix.
$18m cashflow in 12 months for $10m market cap, multiple production opertunities and a very prospective lease adjoining SLRs high grade operations on the Bifs.
Moesoeloe please have a read of BYR mate, as an explorer it has the MD that found Rand/Anglo jv Kibali deposit which was 17 million ounces and sold it for $540m US dollars.
Klaus Echoff is a Congo specialist, Hartleys and others are making estimations of around 2+ million ounces before the latest drill campaign started which has been successful and overdue results.
Rand is looking, BYR is finding and gold is flying. The chairman drills up a resourse and sells it and doesn't try to develop so easily monetisable and Kibali is looking for a new oxide source.
If drill results continue positive trend this thing could surprise a few and catch em off guard.
Happy hunting. All IMO and DYOR.
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