Broker Liberum says.....10 Aug 2021 12:41
Shanta Gold Ltd reported the second-best exploration result this year when it announced further high-grade drilling results from its West Kenya gold project, said analysts at Liberum Capital.
“In the West Kenya drill results update yesterday was a truly remarkable hit of 4 metres at 706 g/t [grammes a tonne], including 0.5m at 5,643g/t,” Liberum said. “This implied gold equivalent interval of 2,825 AuEq m/t would place it amongst the best drill results across any commodity in recent years.”
“To compare this hit with other exploration results across all key commodities, we multiply its gold-equivalent grade by the drill interval length. Using this method, Shanta has reported the second-best drill result this year, second to Pretium Resources’ drill results at its Brucejack mine in Canada. On its announcement of Filo Mining result in May, the stock’s price doubled.”
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