Yes, Justin has said in one of his presos that the Afema system is a confirmed multi-million ounce system - just need the JORC resource to confirm the exact size and scale.
Once that's done and if the milestones below are reached the share price should get another bump due to an increase in project ownership if Turaco exercises its rights under the agreement with Sodim Ltd. If Turaco wholly owned the project as of now, I think we'd be sitting above the mid to low 20c range given the results to date (historical and current).
Currently, Turaco owns a 51% stake in the Afema project.Here are the milestones, timelines and potential future Afema project ownership changes (from page 19 of Turaco's Corporate Presentation dated 26 April 2024, available on their website):
Ann: Impressive Drill Results Continue at Woulo Woulo, page-9
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30.0¢ |
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Mkt cap ! $246.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.8¢ | 29.0¢ | $1.130M | 3.779M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 51052 | 30.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 39820 | 1 |
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