Conceptual target upgrade 4.8M-8.3M ozs. gold, page-118

Any comparison with ITH is quite simply laughable. Extremely laughable.

Their project grades what? 0.6 g/t? Smack in the middle of Alaska. Capex on that project? North of USD 2.5 BILLION ++ (they are looking at a 100,000 tpd mill to get economies).

Recoveries in test work were pretty ordinary too?

Sure it's early days for CDV but :

1. Grade should be at least double the ITH (Livengood) number;
2. There has been some metallurgical work undertaken and the results were very positive - and consistent.
3. Management has been there, done that and know Ghana and the styles of mineralisation there inside out;
4. West Africa a far more likely M & A target area than icy Alaska;
5. Capex - well, when CDV sells Namdini, there are plants thereabouts gagging for decent feed.
6. The so called granitoid debate - might actually be a positive rather than a negative. Others have mentioned Ayanfuri is free milling? (granted no guarantees that this deposit will be....)
7. Plenty of the mineralisation effectively starts at surface.
8. Continuity? Pretty decent thus far. But obviously the next few batches of holes will give us a much better picture.
9. US Global Investors, Macbank and Bank of Nova Scotia all in for the ride.

That'll do me.