CDV 1.85% 53.0¢ cardinal resources limited

Ann: First Pass Regional Exploration Drilling Underway, page-9

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    Combined 1.26moz proven and 3.08moz probable, or just under 4moz combined across two primary and seperate mines. https://www.asanko.com/Operations/Reserves-and-Resources/default.aspx So basically GF have bought 2Moz in Ghana for US$185m. We have 6.5Moz in one mine and growing, with lower AISC, approved 15+ mining licence, and almost double the exploration land holding. Current MC is circa US$153m plus options. Four times current value (i.e $2 per share).
    Last edited by tbrin: 08/04/18
 
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