Sarama Resources Ltd V.SWA

Big finds…

[mercedesman]

...for this little followed explorer...

https://stockhouse.com/news/press-releases/2022/08/31/sarama-resources-new-high-grade-mineralisation-discovered

More work to do, to "up" the resource, but a natural for someone like Endeavour to acquire. ( they've been busy absorbing two major acquisitions 2019- 2022 - Teranga and Semafo) 

Cheap as all get out, for the oz already defined.... not including the latest very impressive drill results! 

IMO

[templetooth2]

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

[mercedesman]

"Sarama's approximate market capitalization of A$20M(6) presents a deeply discounted valuation for the Project's Mineral Resource base of 0.6Moz Au (Indicated) plus2.3Moz Au (Inferred)(1), even more so considering that the current drill program is anticipated to yield a significant increase."   after a mineral Resource upgrade it will, IMO, be