PDI 3.64% 28.5¢ predictive discovery limited

Ann: 3.65 MILLION OUNCE BANKAN MAIDEN MINERAL RESOURCE ESTIMATE, page-234

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  1. 1,906 Posts.
    lightbulb Created with Sketch. 360
    extremely good buying on any weakness below 22c imo

    my view is Bankan ends up being 6moz + across multiple deposits, which could support 350k oz pa over 15 years.

    thats a tier 1 asset that a major will pay for, many multiples of the current valuation.

    lots of work to do though, but thats the reward for investing early.

    take a look a little North at Anglos Siguiri operation. 10m oz, but across 7 or more deposits. its a gold basin in its own right and i believe thats what we have here at Bankan.

    2 assays pending testing the strike extension of the high grade core , which has already 0.5m oz. interestingly to me, two more holes in progress below these two pending holes.

    why would they drill below if they didnt like what they saw above ????

    hint ?

    if these pending holes ultimately show strike ext. a further 100m, thats 250k oz more for the resource , depth ext will continue to build Oz.

    NE Bankan alone will very quickly hit 4moz imo before we realise it. Creek is likely to double at least when they finallly get back there .

    i agreee, any majors or big funds are likely going to come hard at retail with tree shakes and manipulation.

    there are likely to be multiple suitiors here looking to add a tier 1 asset to the books and so competition for shares is liekly to benefit the retail if you hold on long enough

    gltah and enjoy the ride, buckle up tight or else you wont see it out
 
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