Awale Resources Ltd V.ARIC

Alternate Symbol(s): AWLRF

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 (km2) in four permits: the granted Odenne East permit, and three permits under application. The Granted Odienne East Permit consists of multiple Iron Oxide Copper Gold (IOCG) copper-gold (Cu-Au) targets and gold (Au) targets, which include the high-grade gold Empire discovery situated along the 20 kilometers long Empire gold Corridor in the south. The Bondoukou Project is located in the northeast of Cote d’Ivoire and is accessed via sealed roads from Abidjan to the city of Bondoukou. The project consists of three granted permits covering 1191.5 km2 along with three applications covering 1182.9 km2.

TSXV:ARIC - Post by User

Awale Resources Ltd > Crazy. Look at the NPV value for this Ivory Coast mine base

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Comment by Dave4444on Aug 17, 2020 8:46pm

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Post# 31420656

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 million so at $56 an oz it just needs to find a tiny amount of 300,000 oz to justify the market cap.

But the thing is ARIC is likely to have higher grades per ton, drill results to date are in excess of 3X the grades that ORG has and higher grade ounces are worth more, considerably more. Also ARIC has 3 separate projects with all sorts of shallow gold indications.

So lets get the drilling started and watch the results roll in, that $17 million market cap. could multiply quickly.

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