RE:RE:RE:RE:Extension Permit Granted!In Karita, there are plenty of artisanal workings there just over the river, along with the grab samples confiriming its prospectiveness. It's also 100% owned by MXI so Karita could be the biggest moneymaker for MXI shareholders. $2 million cost first year and a total of $5-6 million over two years could result in a 1-3million oz deposit. That could be worth $75 - 250 million......not a bad return on investment of $6 million or so.
The maps on the web site are really out of date but there is a map somewhere that also shows some grab samples to the west of where they are drilling on Diakha so there could be even more there than what it appears. By that second map you refer to wreakhavok, it looks like 2 million oz in the extension is a minimum, while the existing deposit should easily finish out at more than 1.5 million oz as they expand the deposit in 3 directions and to depth.
Frankly, IMG should have 4-6 drills on Diakha to finish this up in 2016. Two drills is conventional wisdom but in this case, the risks associated with more drills is extremely low because of all the geochem, existing drill results and high success ratios already. As long as they can keep assay results flowing quickly, more drills should not be a problem to manage properly.