Roscan Gold Corp V.ROS

Resource estimate

[rockhead7]

What would be considered a good number for the maiden resource estimate?  Obviously this is not the final one but at what number would the market get excited? I am sure that the investors who just put in $5MM have been shown the working papers, if not the final report.  They proceeded to invest at a premium to market.  Whatever the number, it is going to be of special interest to Barrick and B2, a sizable addition to reserves that is right next door, so to speak.  In their hands the value of the incremental ounces fall straight to the bottom line.  So, any guesses?  Remember this is chapter one not the whole story.

[ABDPhil]

Predicting the reaction of the market to the results obtained and published in a 43-101 technical report is something unpredictable. Personally, I prefer to assign a value to each of the ounces of gold in the soil, according to their classifications. Not knowing how the market will react, this method at least helps to maintain confidence, since the market value should in principle represent the

[kkkrrr]

lol... 2.5 Million Oz of Gold world quality fior 200-300 million ist markwtcap... Not 20-30 ...what a nonsense

[kkkrrr]

look at Predictive Discovery PDI.AX  at the ASX in Australie ..they delivered a maiden resource of 3.6 million OZ of Gold in Guinea ..marketcap 320 million AUD ....their deposit will grow..no question  ...   yes , there is political risk..but the valuation of good deposits are much higher as you predict... https://www.investi.com.au/api/announcements/pdi/fd77fa78-685.pdf

[willyk3]

Im  mixed on this one.  Take as another example...a low grade deposit in a safe jurisdiction...Vanstar...about 3 million ozs with a lowball market cap of about 20 million. In a good gold market that would be as high as 80 million with huge potential for expansion of the deposit but unfortunately totally in the hands of their partner IMG Roscan on the other hand ...in as unsafe a

[kkkrrr]

we need some good holes from the currend drill-campaign and the maiden resource later in the year ...  Roscan already has 3 potenial shallow pits and a lot of promisung targets in the area ... i think its highly undervalued because some majors are operationg int his area ...  we will see ;)  ..Monatage Gold is another cheap one.. superb deposit + satelite targets ..3 million

[kkkrrr]

Sarama Gold witn nearly 3 million oz already found is another one.. marketcap is extremely low

[kkkrrr]

VANStar will hold only 20% mining interest in the project...  80% iamgold 

[willyk3]

I have a mental block about that!  You are absolutely right