People also seem to be forgetting this company already has a 1million oz JORC resource at the Mansounia project.
Market caps can be tricky sometimes. Look at GRY, market cap of 400-500m with only 2million oz. It makes BYR look ridiculously cheap.
You have to factor in the potential upsides of a IOCGU with BYR and Mauritania with GRY. BYR looks like the better deal at current market cap of $60m.
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