now..this is big

Just read a taylor collision report on SRM.
These guys have come up with some major numbers on this deposit and they will change this company once and for all.
Highlights-

- based on current spot prices, hole 16 was 53m x 7.7 Cu Eq or 8g/t Au Eq.

- Result is very important for the maiden resource estimate and further validates geophysical model.

- The Bornite zone maybe a FEEDER ZONE to a larger , deeper ore body.

- Exploration target for North and South A\B is 15M Tons at 8g/t Eq Au folks. THAT IS 3.8M OUNCES OF GOLD Eq in just the first two ore bodies.
This is a potential open pit DSO project.

- The magnetic survey has defined ( North, South A/B and NE zones). Assay results from hole 16 have shown the down dip extension to the interpreted ore body.
A POTENTIAL GLOBAL RESOURCE OF 25-30m tons is possible based on model targets and the magnetic survey.


In short, this looks like somewhere between. 3.8m - 7.6m ounces of gold equivalent at Mabilo alone. If this is proven up, this stock will have more gold Eq than PIR at nearly 3 times the grade and they are capped at $400m in Mali.

Wonder how long it will be before the market works this out then? Take a look at the Sandfire and Sirus resources and see what you get and their market caps are over $1billion.
I'm not ramping, this is in a report I just read. I obviously can't post it as I don't have permission to do that.
Dyor and enjoy the ride if these numbers are even half right.