RE: AG198913 Feb 2021 22:04
Troajan, yup. Only real viable option. Let's face it 30% of giant asset with a major on board is far better than a 100% of an asset that dilutes a company to death is far better. If you look along aim minnows that have something of substance, majors are involved..furthermore allows BoD to focus on Cameroon which TL knows very well and he has significant knowledge of Bibemi and Wapouze through work undertaken via reservoir mineral etc. In cameroon too there will be collaboration to work the projects. I think it's the best scenario for ORR. The real point to ponder on Senala is that, why is IAMGOLD willing to do the legwork? If you look at their website and assets, you'll realise that they believe there is signifcant value to be had and it ties in with their operatus mondi and I believe they have a need to bolster Boto via Madina & Saroudia and then that makes Fare an even more invaluable assets as the exploration radius is more manageable. A lot of synergies that make it all appealing as a 'Senala package' imo. Hence I think that with the right results,(which by the way don't have to be monstrously good) which will make Boto more commercial, will mean ORR will have fairly strong hand. I think TL is astute enough to work that signficantly in our favour and will have a strategy in mind. I'm really positive here, could be wrong but there are enough pointers to what I'm saying ;()))))))