Hey @ arsenic . It’s a bit of a crap shoot with junior gold...

Hey @ arsenic . It’s a bit of a crap shoot with junior gold stocks , and especially in West Africa. Luck really plays a part.I was a big holder in TIE from about 2 years before production. Everything seemed perfect , the project became a mine and a gold producer. They had some ramp up problems in the mine in the first year , causing lower grades, but seemed to be overcoming them. Process plant was flying . And then, a well executed takeover by Chinese interests.
I made reasonable money off the transaction, but nowhere near what I believed was fair value. In retrospect, the TIE share price was higher around first gold pour, than what we got 18 months later in the T/O.
so, even when things look great, we small shareholders need some luck. Fingers crossed for this one.
the reason I followed the TIE management into AUE is because I think CW will replicate his success.
His knowledge of CDI geology is unrivalled, plus his network of government contacts and local talent provides a pretty formidable skill set.And he has plenty of skin in the game.
That being said, we need to find gold and lots of it.
TCG first MRE was 2.52 million ounces, with likelihood of rapidly increasing it. They are getting lots of 100 plus gram metre intersections.
My ( completely speculative ) guess is that AUE maiden resource at the end of 2024 will be circa 1 million ounces ( + - 20 % say )
and that it also will grow rapidly through 2025/26.
With a market cap of only $50 M, that bodes well for us. In ground resources typically valued at circa $80-100 per ounce, could mean a doubling of the share price or more in the next 12 months.
I expect to see plenty of M and A in the junior gold section also. The majors will be very interested in anyone with more than 3 million ounces of reserves ( like PDI for example )
it’s exciting times for both companies.
GLTAH