Fortuna bought just chesser resources for about 80 MillIian Canadian Dollar . Chesser has a resource of 860 000 ounces - 1,8 gramm /ton .
Sarama has now over 3 Million ounces and is valued much much lower . I think sarama has a much better strip ratio than chesser .
Chesser is in senegal and sarama in burkina faso. The first oxide phase would be around 2 g/t for the first several years, that is incredibly high grade for near surface presumably low strip oxide ore.
It is clear that an explorer needs money . Make your own research , the first oxide phase could have 400 to 500 MIllion Dollar NPV / gold 1900 Dollar . For me sarama is a buy !
comparison
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $1.807M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $3.155K | 145.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11127 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 69752 | 1 |
View Market Depth
| Last trade - 13.05pm 24/05/2024 (20 minute delay) ? |
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Last
2.1¢ |
Change
-0.001 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.2¢ | 2.1¢ | 35378 | ||
| Last updated 10.40am 24/05/2024 ? | |||||
| SRR (ASX) Chart |