OKU oklo resources limited

This company has been ignored. Maybe it has earned the lack of...

  1. 202 Posts.
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    This company has been ignored. Maybe it has earned the lack of attention.

    Whatever. Maybe it won't be the next Fekola that the market originally hoped it was.

    At the current gold prices any resource it defines could be worth a lot more than its current pricing suggests.

    Capex wouldn't be much if they go with a toll milling option and there must be three options within 50km or so.

    Oxide ore, simple metallurgy. They could have a few small pits and still make a ton of money.

    Take a 700koz resource ( which at that grade and depth would all be economic) at say ~2g/t. Assume it gets toll milled. Apply the current gold price. Not hard to get 3-5x the current share price, even assuming a dilutive raising for some modest capex.

    I'm a hold rather than a buy due to the company's previous talent for disappointing. If I was new to the stock, it would seam a screaming buy.
 
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Currently unlisted public company.

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