Algold granted 30 year mining license, page-3

From 4 September:

http://www.mining-journal.com/resou...cestocks/1178487/algold’-tijirit-options-grow

"Algold’s CEO is struggling to draw the boundaries for drilling at Tijirit in Mauritania’s north-west as Algold moves into the project’s feasibility study phase. Auclair says the potential is enormous and Algold has quickly evolved to a developer with significant exploration upside. “Every time we’re turning a rock along several defined structures – Eleonore, Lily and Sophie and Salma – we find gold. It’s a brand new discovery, which further opens up the development potential,” he says."

Beacon Securities is covering this stock. Using the Adjusted Market Capitalisation method they forecast a potential SP in the mid 80's. This is from Nov '16 report, so I don't know why the F17e number was so high given they will only have a DFS end 2018.
Nonetheless, it does give an indication of what a rerate would do to their SP now around $CN 0.13