Teranga buys Massawa

Teranga buys Randgold/Barrick deposit for US$380 million + ?

https://www.terangagold.com/investo...-High-Grade-Massawa-Gold-Project/default.aspx

Based upon the similarities of grade & close proximity to Makabingu Gold Deposit IMO there is plenty of "food for thought" regarding the value of the MGO deposit comparison wise at this very moment.
Massawa Deposit 3.6 million ounces sold for US$380+= $146 ounce
Makabingu Gold Deposit 1 million ounces =US $146 million = AUD$214 million => 6c a share
Our present share price still does not reflect the valuation of a soon to be a producer/Explorer.

Based upon the above calculation alone, upwards of 6 cents a share valuation . IMO you can see how much undervalued the current share price is, not to mention the number of future prospects Bassari has identified some already subject to recent drilling & results of high grade ore. The emense number & size of these prospects, one can only wonder what may be for the future for BSR shareholders.

From the recent announcement of the sale of the Massawa deposit for US$380 +  IMO I can see why Management has been very mindful & protectful of our permit landholding . Their unwavering efforts to keep the holding & see it though too production IMO is commendable.

Please remember that this is only my view,  but I am very upbeat & positive for the future.