GRY 0.00% 20.5¢ gryphon minerals limited

Blackthorn’s Burkina Faso gold project is JORC-compliant with an...

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    Blackthorn’s Burkina Faso gold project is JORC-compliant with an inferred resource of 4.1m tonnes at 1.06 grams per tonne, for 139,000 contained gold ounces.

    The type of resource that BTR has would be lucky to be worth $20 per oz gold. Small, inferred and low grade.
    Many companies in Burkina Faso and other west African countries have small and uneconomic grade deposits which is why they will never get mined or why they will be passed around to other companies and divested. A non-core asset for sale is often a nice way of saying that 'this is crap and we no longer care for this, please take it off our hands'. This is a different kettle of fish to a major economical deposit like the Banfora Project which will always command greater valuation multiples in a fair and rational market.
 
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