Market Cap: 1185m @ 1.7c = $20mCash: $6mProject: Kongo 70%...

Market Cap: 1185m @ 1.7c = $20m

Cash: $6m

Project: Kongo 70% Interest Ghana Africa
JORC 20Mt's@2g/t Au = 1.27Moz's Gold
Mining Licence 350ktpa CIL plant

Should produce 25koz's gold per annum
@ $500/oz margin (costs of $900/oz) = $12.5m or 1c eps
@ $750/oz margin (costs of $650/oz) = $18.75m or 1.5c eps


Funded to production according to presentations

Trading on an EV of $11/oz should be $50/oz - $100/oz at least so huge scope for an uplift here

LT buy for me not expecting a surge but rather a steady climb as they move towards production