I’ve only had a brief look at the project in detail. The...

I’ve only had a brief look at the project in detail. The northern end of the deposit looks mineable as its average grade is reasonably high. It looks to me like a steeply dipping narrow deposit with a very long strike length so it would be a steep and long open pit (or series thereof) if they want to reduce the strip ratio. At this latitude in this part of West Africa there is a lot of seasonal rainfall so steep pits might carry risks of slippages. My comments about the minability are only in the line of speculation as we haven’t seen any pit designs yet as part of a resource estimate or scoping study that I know of.

My EV/resource oz calculations are indicating that there is value here but there is still a long way to go before proving this has real standalone potential. In this part of the world you need millions of ozs to get financiers and/or the bigger fish interested.

Given the MD is backing the company with his own money one would assume he knows what he is doing and he can see a path forward when it comes time to develop, maybe through Chinese entities, although it should be noted that there are not many Chinese owned and run gold mines in West Africa at this point in time (I can’t think of any off the top of my head).

Question is how much lower can this go before it becomes a good spec chance. Esh