Mark Connolly- The wolf of west Africa, page-22

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gbgirl

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25/09/18

13:50

Post #: 35826722
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Originally posted by eshmun ↑

Why is it so painful?

The share price despite being in the doldrums has held up reasonably well. Frustrating is probably the better word.

Seems to me that there is a lot to look forward to.

How many other junior gold developers that you know of have short listed 14 Tier 1 funders, The bachelor/bachelorette style and are appointing them in November?

How many other junior gold developers that you know of have a 1.6Moz reserve at 2.4g/t gold which is going to get better?

How many others are going to produce +200koz/year for first 5 years at a head grade of plus 4g/t and an AISC of $550/oz with potential further reductions in these costs, where all costs are robust and independent having gone out to contractors?

How many are short listing EPCM contractors and expect to start making appointments in next fortnight?

How many others are surrounded by 15Moz of undeveloped resources with there own resource being the best and have this first mover advantage?

How others are 15km from high voltage power which may get integrated as the project gets bigger?

Then you have the high grade zone being wide open below 500 vertical metres at M1 with the company continuing to drill it together with M5 south during development.

Plus breaking ground on decline at M1 in Oct, probably getting to look at the ore body at M1 by April next year.

Then the disclosure that with a reserve grade at M1 of 25 g/t and resource grade of about 13 g/t they are planning to mine M1 from footwall to hangingwall and take all the waste in between. This is not going to be narrow vein “handheld” mining underground mining.

Then we can expect new reserve and resource updates with no more infill drilling as we go forward with new exploration starting up as we move into the dry season.

Aiming to pour gold in the middle of 2020.

Seems like a company going places to me.Esh

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hey esh you forgot one other major thing.
they start exploratory drilling for maybe another m1.
how wonderful would that be... the chances are quite high...aimho!!!

WAF Price at posting: 29.3¢ Sentiment: Buy Disclosure: Held
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Mark Connolly- The wolf of west Africa, page-22

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