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Bullboard - Stock Discussion Forum Awale Resources Ltd AWLRF


Primary Symbol: V.ARIC

Awale Resources Limited is a Canada-based mineral exploration company focused on the discovery of high-grade gold and copper-gold deposits. It undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Odienne project lies in the northwest Denguele Region of Cote d’Ivoire, close to the borders of Mali and Guinea. The project covers approximately 1600 square kilometers... see more

Bullboard (TSXV:ARIC)

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Post by oiljack14on Sep 03, 2020 11:17am

First batch of assays

The first set of holes were drilled within the seismically interpreted high grade zone at an extension of approximately 25 metres. They were designed to test the step out and depth possibilities of ...more  
Post by oiljack14on Sep 03, 2020 9:52am

News soon I bet

For sure they’ve gotten at least 3 or 4 holes drilled by now. They were on pace to get most of the 50 holes drilled by the end of the month. Assays go to Ghana like last November for interpretation ...more  
Post by oiljack14on Aug 27, 2020 11:34am

Ivory Coast 🇨🇮 Gold discovery math

Look at news released gold discoveries in Cte d’Ivoire since 2014 mining reforms. Look at how many were turned into mines, have commitments to be turned into mines, or were sold to companies wanting ...more  
Comment by oiljack14on Aug 24, 2020 11:11am

RE:First hole is done. On to the second.

The company announced initial drilling at Odienne on November 4th, 2019.  15 days (app) later they announced a "discovery" with results from the first two holes drilled and that the ...more  
Post by oiljack14on Aug 24, 2020 9:32am

Bidding war for west African gold assets

 Huge bidding war underway for West African gold deposits and companies. Cardinal Resources in takeover tussle Sources said mergers and acquisitions in the Australian gold space are starting to ...more  
Comment by oiljack14on Aug 18, 2020 12:14am

RE:RE:Crazy. Look at the NPV value for this Ivory Coast mine base

Great post ad always.  Thanks for sharing 
Comment by Dave4444on Aug 17, 2020 8:46pm

RE:Crazy. Look at the NPV value for this Ivory Coast mine base

I calculate ORG as 2.85 million oz. at 1.1 grams and market cap. of $160 million as of today.  That works out to a value of $56 per oz. in the ground. So ARIC currently has a market cap. of $17 ...more  
Post by oiljack14on Aug 17, 2020 2:00pm

Crazy. Look at the NPV value for this Ivory Coast mine base

This is 285 M Oz of gold at a measley 1.1 grams per ton and with an assumed 5% discount and a long term gold price assumption of $1250 Oz. MPV value is still over $400 mm Cad. Nothing beats this ...more  
Post by oiljack14on Aug 09, 2020 1:00am

Economics wins over glitter appeal imo

Largest gold miner in West Africa again proves why economics matter more than high gloss Glitter Oz / t numbers do when you drill for gold in places like Cte d’Ivoire Hound M&I Resource ...more  
Post by oiljack14on Aug 05, 2020 2:19pm

Drilling to start soon imo

Capital Drilling rig is mobilizing to Odienne for continued appraisal drilling of the Empire discovery. Exciting times not far off.!
Comment by thasison Aug 04, 2020 1:50am

RE:RE:Ivory Coast change in Government

Thanks for the input OJ. Just realized this was the PM and that they have actually have a President lol. Good to know that there is ongoing geopolitical stability. Cheers
Post by oiljack14on Aug 04, 2020 12:46am

What’s a 1 m Oz mine worth in Ivory Coast?

Interesting economics of a 1moz project(npv $379m@$1730/oz) in Cote D'Ivoire from RoxGold Pea https://cdn.ceo.ca/1fihopg-roxg.jpg+ $aric drilling similar size targets close by in August from a ...more  
Comment by oiljack14on Aug 04, 2020 12:45am

RE:Ivory Coast change in Government

Two term President is running again.  The country is as stable as one could expect.  Large miners like Barrick run mines in the country.  It's been remarkably stable since 2014 ...more  
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