Orr summary/my take (II)9 Feb 2021 09:19
Bibemi- bakassai area confirmed extension of mineralised zone 1.3km x 5.3km, assay samples 7 of 10 returning 2gt best results 35.86gt, 23.3gt, 19.7gt
Depth targete 2300m to test veins with grades of 65.3gt! There's more to this one!!
Wapouze -136km2 work focus on anmoaly extending over 1km by 300m in an identified anomaly of 2.8km!!
Central Cameroon - 8 new licence applications 3500km2 in highly prospective area. Application are live on the government's mining cadastre.
The areas that we have are substantial. I believe that the plan is to let IAMGOLD do the legwork (as we know) but then to possibly off load our share of Senegal and fund the remainder on a non dilutive basis? Bibemi and wapouza look absolute belters. Cameroon seems a good focus area given our history and connections there. We have the first mover advantage too.
Wonder what the value of our share in Senala will be worth? Certainly mutiples of our current market cap. All things being equal, I agree with MrP and his 25p possible target here. If gold goes extends bull run which surpasses $2,000 and I know of a few very respectable experts who firmly believe it will, then who knows what the sp target can reach! Feet on the ground risks are there, we need depth of mine and bulk volume to set this up, but this truly has eyewatering, early retirement potential for a lot of people and I'm prepared to take the risk. Indicators are very strong imo