RE: Senegal – A Free Carried Interest with Serious Upside1 Dec 2025 07:25
God - I couldn’t agree more. This asset is worth approximately the current MCAP!!
The majority holders will want ORR out, diluted or converted to a future royalty agreement, prior to increasing its value. A deal will be done and it’s exciting as it’s free, essentially.
I’m not sure of the delay but hope ORR are playing hard ball. Their funding for Cameroon 2026 indirectly strengthens our position. It doesn’t cover further funding to maintain our existing equity to pay our way, but it does mean we aren’t pushed to resolve quickly. The onus is on our partners.
I suspect an NSR of 1-2% future gold revenue, infinitum. It’ll not generate funds for years but is bankable / sellable.