RE:RE:RE:next resource It is not necessary to doubt the competence of Rockhead7 to understand that it is impossible to answer the question of Storm23. Consequently, Rockhead7 is not the subject.
There are many disappointments in the world of gold exploration. "Investors" like you who talk about buyouts when no mineral reserves have yet been demonstrated, live in a world of fiction. My reflection on the Kandiole project boils down to the fact that the results obtained to date are insufficient to presume the economic quality of this project. Consequently, I believe that Roscan's market capitalization is particularly generous in terms of the time and capital that will be needed to continue development.
Roscan will have to finance its work several times in the future and in consideration of the political and security issues in Mali, the cost of this financing is higher. This context adds to the many risks already present for the entire mining sector. Consequently, I continue to believe that Roscan's market capitalization demonstrates an excessive level of optimism and that this type of situation always ends up being corrected, regardless of the quality of the project.
In conclusion, I remind you that my sole judgment concerns the market capitalization of Roscan ($100,000,000), in consideration of the inherent risks. Personally, I consider the gold potential of West Africa to be remarkable; that the geology is favorable for low-cost operations; that mining conventions are accommodating, ... Nevertheless, there are few winners and many losers. In short, I believe that there is a way to make good investments while being realistic and prudent, provided you pay the right price.