Possible Partner
Something I posted on the Sarama board (V.SWA) in response to the suggestion that EDV should just buy out this little company. Sarama has recently been rejuvenated after a sleep of many years and is exploring just northeast of Bantou.
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I haven't followed Endeavour for a year or so, but wouldn't it make more sense for them to gift Bantou to Sarama for shares?
I'm just assuming that the Sarama map is approximately correct with inferred resources of 1.5 M oz.
At this stage, 1.5 M inferred is just about meaningless to EDV. They need to build up a micro-cap to a small cap to which they can then vend their cast-offs. Similar to the process of Barrick selling Teranga to EDV for shares. (It was Teranga, wasn't it??)
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P.S. Correction to the above, I see on SLIDE 117 (of 182 in Aug. presentation) that Bantou has an inferred resource of 51 Mt at 1.37 g/t containing 2.25 M oz. as of yearend 2020. This greater amount doesn't change my thinking: EDV has other more important things to do, and Bantou might become worthwhile in someone else's pocket.