“In a matter of months the company has gone from a pure explorer not knowing what its property contained, to a company with a resource and substantial upside. “Now we know what we’ve got, we can see us getting to 2 million ounces fairly easily – and that’s a mine basically,” Parsons said.”
“What we’re hoping is that these regional targets might come in with some good sniffs and then towards the end of the year we can convert some of them into resource ounces. Nogbele could go from a 1.2 million ounce deposit with the regional targets boosting it to 3-5 million ounces.” Parsons said the only reason the company had started at Nogbele was because it had the biggest soil anomaly at the time. “As a junior, we thought we had to start somewhere so we picked the biggest soil anomaly. There’s no reason to say it’s the best target in the whole property.”
GRY Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held