The raise is going to have a negative effect on SP over the next month or so as any SP move north will likely meet selling pressure from profit takers.
The said, drilling recommences in 2-3 weeks on the very prospective Diabatou, before moving back to infill the JORC, and extend the JORC 500m+ along strike. It's going to get interesting if the very high grade hits (7m at 121g/t or 4m at 23g/t) continue along strike and at depth, it will make for 'early plant feed' in a future mill. You won't need much 121g/t close to surface material to payback the mill debt.
The Paguanta Zinc/Silver/Gold/Lead project is also a great kicker which should be valued at (guess) $10m+ royalty...
If we think neighbors in Burkina Faso, fellow Aussie in West African Resources (ASX:WAF) MC of $400m and their Sanbrado project only ~100km away from our lands. WAF is currently building a plant to sustain a 300,000oz/year operation for 10yr+, at a rather low AISC, they're a takeover target IMO as we move into a high gold price environment. I wouldn't be surprised to see them taken over for $1b.
This which bodes well for their Aussie neighbor, building on an existing 1.4Moz deposit, likely to be 2-2.5Moz in Q1 2020, and only have a MC of $15-20M...
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Mkt cap ! $9.704M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $605 | 55K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 943285 | 1.1¢ |
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Price($) | Vol. | No. |
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1.2¢ | 572069 | 4 |
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No. | Vol. | Price($) |
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3 | 943285 | 0.011 |
7 | 8623217 | 0.010 |
5 | 1692336 | 0.009 |
7 | 1624928 | 0.008 |
4 | 1123375 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 572069 | 4 |
0.013 | 215545 | 3 |
0.014 | 95000 | 2 |
0.015 | 363310 | 2 |
0.018 | 124365 | 1 |
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