Massive upside15 Oct 2025 11:10
This is a solid outfit that has a proven track record of delivering on promises and plans. Right now we have a significant cash pile and we are making $50-60M profit per quarter! P/E is therefore around 3, which is ridiculous. There is then a long list of catalysts that are going to lift the valuation of the company:
Nigeria
- drilling at Segilola and nearby region
- update of resources based on driling (upside guaranteed, the only question is by how much. Positive initial results)
- life of mine extension by X years
Senegal
- drilling in october and january with subsequent update of resources
Ivory Coast
- drilling soon
- resources update
- PFS
There's also the chance of an extraordinary dividend being announced. After all we have AISC around $800-1000 with POG now well over $4000! We are printing money and the share price can still double in just a couple of months, even assuming modest increase in resources and short extension of mine life