Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canada-based gold exploration stage company. The Company is focused on expanding its resource footprint in West Africa. The Company has assembled a significant land position in the prolific gold prospective Birimian rocks of west Mali. Its Kandiole Project consists of its exploration properties located in West Mali. Kandiole Project is comprised of approximately nine contiguous gold prospective permits, encompassing approximately 402 square kilometers, located within the Kenieba Cercle, an administrative sub-area of the Kayes Region, approximately 400 kilometers west of Bamako, the capital of Mali in West Africa.


TSXV:ROS - Post by User

Comment by wilwalon Jul 25, 2020 8:56pm
132 Views
Post# 31319786

RE:RE:Greg

RE:RE:GregThe way I read management strategy is this:  they feel that over the next 9-11 months they will have a firm idea as to the value of these permits.  That's ambitious but these guys are not the type to piddle around so they may be able to do it....especially if they add yet another drill or two.  At that point around Q2/21, they will be open to sell and the option to build a mine will be on the table.  That option is effectively "competition" in the bidding process. 

Of course none of that happens until they prove up at least 2 million oz minimum which is a rough threshold for a mine (IMO). 3 million oz is a certainty for a mining operation. The announced drilling results plus the Komet resource probably puts it around 600k now.  There are lons of results to come yet, and if they add Sirabaya, expand the Komet resource, expand the trend in Mankouke South, find a new discovery......this thing could hit an estimated 2 million oz in a matter of two or three months, all going well.  It's mainly up to the drillbit now.
<< Previous
Bullboard Posts
Next >>