RE:RE:RE:Does anybody else wonder..Treetop... did you know that when B2Gold bought out Fekola in Mali just 20km north of Diakha along the same faultline in 2014 when Gold was around $1,380 that there was a Pre-Feasability on Fekola at the time of the buyout. 2.8 Million Ounces and bought out for $570 Million. That's a whopping $200 per ounce. I'm not sure of all the details of that buyout, but when a Pre-Feasability is done we would then be expecting similar $ per ounce as Fekola. Instead of $300 Million down the road if 3 Million reserve ounces proven x 50% JV, we would want $300 Million ... but since we are at inferred ounces stage, we only want $75 Million and to be bought at $.45 per share. So Willy is right... if you want it all proven ... the opportunity for share price appreciation is gone by then. The Gamble is one to be taken by IamGold soon because of the High Probability Faultline area. Did you read the May 5 MXI Presentation PDF... it has a lot of detail in it. Here's one clip I found interesting. The drill core and host lithology, hematite alteration, and associated sulphide mineralization at Diakha show similarities to the core from both IAMGOLD’S Boto and B2Gold’s Fekola deposits.
https://www.merrexgold.com/i/pdf/May%205%202016%20Presentation%20Final.pdf