While I am all for bold moves... I think it's a little early to be thinking share buy backs. Step 1 - Debt facility paid off and closed Step 2 - Build $50m USD pile of cash Step 3 - Drill the heck out of the next 2 years of production Step 4 - Drill the heck out of the 25% of the inferred mine plan Step 5 - Buy up another development project in Cote (that is being ignored by the mid/large tiers) and drill it out. Step 6 - proveup the heap leach and self fund Step 7 - repeat Step 5 until 3 mines in production.
If MW can do all that within 5 years, he would truly make a name for himself in and outside of West Africa (and I think he could do it). Production profile of 400k+ with solid mine lives. Give WAF a good run for it's money!
TIE Price at posting:
34.3¢ Sentiment: Hold Disclosure: Held