RE: More news5 Feb 2026 10:07
Oldwasp
A sweeping statement saying more news is required, isn’t very meaningful.
It’s not specific, based on ORRs plan.
ORR need to grow a licensed resource above 2M ounces.
Re license - The PEA was aimed at being small to mitigate technical challenges to its credibility. This was to expedite approval. Negotiations ongoing, hopefully successfully, by the end of H1.
Re JORC. This is being grown on multiple fronts, in a timely manner. By the end of the year I expect the 50% “owned” Mbe and Bibemi will exceed 2M (they’ve not sold 50% but farmed it out). They can also step out drip to illustrate convincingly that N & S Mbe are connected. Suggesting a multiplier of the gold separate JORCs
More importantly the soil samples for the rest of the CLP 100% owned. They’ll not have a JORC here but based on the region and good soil samples, they could dramatically increase the likelihood of it being 1,2,3 times of Mbe N & S combined.
Their tranches could suggest 5-10-20M ounces district, by the end of the year, some JORC (not measured albeit) proven, the rest highly probable.
A major will NOT want this minnow to grow the JORC from 2-5M. They’d step in first with an offer - I’m speculating at somewhere between USD100M and USD200M before the end of 2027.