Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:ARIC - Post Discussion

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

View:

Post by oiljack14 on 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!

https://www.newswire.ca/news-releases/orca-gold-to-deliver-a-revised-feasibility-study-on-block-14-and-report-on-montage-drilling-829420415.html

130

Comment

Comment by Dave4444 on Aug 17, 2020 8:46pm

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 ...more

Comment