Undervalued Miner7 Jan 2018 12:51
Casa Mining's Project comparison:
Kibali (Randgold) - 586,000oz
Twangiza (Banro) - 104,000oz
Namoya (Banro) - 93,000oz
Akyanga (Ortac) - 100,000oz - 250,000 oz?
Akyanga deposit has 1.05Moz inferred JORC resource (2017) at >2g/t
- Simple metallurgy - >90% recoveries
- Good infrastructure � benefitting from Banro�s regional infrastructure
- Proven robust economics for small scale operations
Casa is aiming to increase the JORC resource to upwards of 2m au/oz by Q2 2018, and a final PFS by 2019 Q2. All of this is currently not factored in the share price. The project at Misisi has the potential to be one of the largest gold mines in Africa, just like the nearby Kibali mine of Randgold.