Bullboard - Stock Discussion Forum 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... see more

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TSXV:SWA - Post Discussion

Sarama Resources Ltd > Extremely low cost ounces

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Post by Tree2tree on Dec 19, 2021 3:02pm

Extremely low cost ounces

See the page below from a presentation by another explorer. It shows SWA as having the lowest-cost ounces of any of the selected projects. And with above-average grades. Of course, some of the other projects are at more advanced stages of development, but it does show where the upside can go.

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Comment by Tree2tree on Dec 19, 2021 5:46pm

Not sure if the image got attached or not. Here is a link to the presentation, see page 26: https://www.loncor.com/component/jdownloads/?task=download.send&id=112&catid=21&m=0&Itemid=101

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Comment by ABDPhil on Dec 21, 2021 3:07pm

It does not cost much and it is not worth anything ... In consideration of the quantity of mineral resources in the indicated category; the level of its cash flow and its geographic location, this company should trade between 10 and 14 cents. At this price, the level of risk is reasonable. Its resources located in the oxidized zone are calculated with a cut-off of 0.2 g / t ...more

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