Food for thought for the weekend
Teranga (Senegal)
2.63 million oz. gold Reserves
1.811 million oz. gold Measured and Indicated Resources (excluding Reserves)
Teranga (Burkina Faso) – Gryphon acquisition
1.05 million oz. gold Reserves
1.93 million oz. gold Measured and Indicated Resources (excluding Reserves)
3.68 million ounce gold reserves (bankable gold assets)* – See Above
3,680,000 oz. (Reserves) x $1,200 per oz. = $4,416,000,000
3.741 million oz. gold Measured and Indicated Resources* – See Above
*By the end of Q2, (according to management’s statements) additional filings will be made and as most know, news releases attesting to and confirming the Company’s desire and drilling efforts to increase resources will be made known. This investor can’t help but wonder; how many ounces will be added to Measured and Indicated Resources? And needless to say, this investor can’t help but wonder; how many ounces will be taken from Measured and Indicated Resources and added to Reserves?
More thoughts on the above,,, later,,,