Sarama Resources Ltd V.SWA

Alternate Symbol(s): SRMMF

Metals & Mining Gold

Sarama Resources Ltd. is an Australia-based gold explorer and developer. The Company is focused on establishing a new mining district in Burkina Faso. The Company’s Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. The Project covers approximately 1,454 square kilometers (km2) of prospective greenstone terrane. The Company holds approximately 17.52% holding in Joint Venture BFI Inc., which holds the exploration and evaluation asset pertaining to the Karankasso Project in Burkina Faso. The Karankasso Project is situated 130 km southwest of Endeavour Mining’s Mana Mine, Fortuna Silver's Yaramoko Mine and approximately 60 km south of Endeavour Mining's Hounde Mine. The Company also has an 80 % interest in the Cosmo Newbery Gold Project in Western Australia, and consists of seven contiguous exploration tenements covering approximately 580km2 in the Eastern Goldfields of Western Australia, 85km north-east of Laverton and 95km west Gruyere Gold Mine.

TSXV:SWA - Post by User

Sarama Resources Ltd

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Comment by ukermannon Mar 21, 2020 6:39pm

92 Views

Post# 30834072

RE:Quick summary

So the big riddle in the market comes to this:
If Nordgold is ready to pay Cardinal $143 million for 5 million ounces, does that mean Sarama with our 2.5 million is worth $72 million? Obviously, with a $12 million market cap, this is flying under the market's radar. True, the location, BF has a negative effect, but Ghana is in the neighborhood. And remember, if your a bad guy, you're dealing with the Russians.....

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