RE: Welcome new holders, good luck LTHs27 Aug 2025 07:06
Excellent write up by InvestorDave last night, its crazy how undervalued we are.
How on earth is this still a £14M market cap?!!!
Conservatively covering Mbe South/North and 460,000 JORC ounces at Bibemi see below once the MRE has been completed in Q4 2025
1.5M ounces of gold = $3383 Gold SPOT * 1.5M oz's = $5,074,500,000
Even at an incredibly conservative $80 per oz in the ground = $120,000,000
US$/GBP£ = $120M / 1.348 = £89,020,772
And that's just the Mbe licence!
Look at Senegalese historic grades, where ORR has JV partner Managem has spent $6M USD + as part of the earn in agreement,
https://orioleresources.com/projects/senala/
"Where historic drilling delivered best intersections of 20.00m grading 31.13 g/t Au including 10.00m grading 60.98 g/t Au from RC drilling and 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au from diamond drilling.
At Bibemi - A Mineral Resource for the Bakassi Zone 1 prospect has been estimated at 6.96 million tonnes grading 2.06g/t Au for 460,000oz contained gold, with 100,000oz in the JORC Indicated category and 360,000oz in the JORC Inferred category.
At Mbe - The Exploration Target stands at between 33 and 44Mt with grades ranging between 0.77 and 0.95g/t Au for between 820,000 oz's and 1,340,000 oz's contained gold. The model has been limited to 200m vertical depth, and uses a lower grade cut-off of 0.30g/t Au. The Exploration Target remains open in all directions and at depth and it is anticipated that it will be succeeded by a maiden MRE in Q4-2025 at MB01-S
Senegal - Senala - At Faré South a maiden JORC-compliant Resource of 155,000 oz Au grading 1.26 g/t Au has been published in the Inferred category, based on a 0.3 g/t Au cut off and within a US$1,800/oz pit shell. In addition to this Resource, a JORC-compliant Exploration Target has been defined at Faré for between 17 and 24 Mt, grading between 0.69g/t Au and 0.84g/t Au for total contained gold ranging between 380,000oz and 650,000 oz.
Senegal/Senala Fare Far South best intersections include - Diamond and reverse circulation (RC) drilling at the Faré South anomaly has, to date, returned best intersections of 20m grading 31.13 g/t Au including 10m grading 60.98 g/t Au (FARC-00007), 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au (FADD-00004) and 70.00m grading 1.46 g/t Au including 31.00m grading 2.72 g/t Au (FADD21-031C).
Oriole has drilled more than 20,000 meters in Cameroon alone vs the likes of Wishbone have drilled 1 single hole for 777 meters
Oriole confirmed JORC Gold Oz's = 615,000
Wishbone confirmed JORC ounces = 79,000
Oriole Resources JV partners = 2
Wishbone JV partners - NONE
Oriole Market cap = £14M
Wishbone market cap = £37M
Both traded around £7M today which is incredible in itself. Can't see why investors can't connect the dots here.
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