RE: Bibemi part 224 Feb 2021 09:29
Tim reference to few 100,000 ounces from Senala was just in reference to why IAMGOLD was very interested in coming in to Senala as its only few km from BOTO which already sitting on 2.6Moz of Gold. Senala gold ore would be additional feedstock for the processing plant.
I think Senala sitting on similar ounces as Boto, may be more, but huge synergies for IAMGOLD to take over Senegal deposits off ORR hands as IAMGOLD already got other gold deposits in Senegal. At what price though? Surely not @ 1.3p
Cameroon looks to be a monster with Gold anomalies over 20km !!!!
Just pause for a minute and think how large 20km would be. Therefore ORR with 90% interest and First Mover advantage cannot wait to fast track Cameroon assets.
Takeover would probably come by one of Big majors nearby down the road after ORR has had a very substantial re-rate which is coming soon. Cameroon results should get the ball rolling. Bibemi initial results due.
IAMGOLD results due also. ORR has free carry.
Only 3 trading days till end of Feb.