RE: So much upside....6 Nov 2019 15:55
ORR WEBSITE is a gd area for info. Many are missing the inherent value in the senegal licence, where Iamgold are spending $8m to earn in to maximum 70%. Hopefully, we may get some news on Lamgold as it's been far too quiet.
The legacy assets in Turkey, which are all partnered out to local Turkish companies, and have NSR royalty and stage payments.
Cameroon is a ‘new frontier’ for exploration and mining. The government has been working with the help of the World Bank to develop their Mining code and working on developing a country-wide prospectivity analysis to promote investment (just like Senegal and Mali in the 1990’s). ORR have a couple of licences with cumulative 35 km anomalous gold and also have submitted applications for 3,500km of contiguous ground in 8 new licences. It’s a brand new district scale target, with evidence (from the recent World Bank studies) of anomalous gold in stream sediments on every single licence.
Cameroon is the next big thing for exploration in Africa, it’s been ‘off the radar screen’ for a decade or more, but is hugely prospective.