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Yesterday we saw Teranga Gold announce a $400

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JonnyRBuck12   Wednesday, 12/11/19 08:19:39 PM
Re: JonnyRBuck12 post# 191
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Yesterday we saw Teranga Gold announce a $400 million acquisition for a gold property in Senegal which sits literally several kilometers away from Axmin's property. After analyzing the news release again, I noticed something very important in the same article under the end notes. It states the highest grade undeveloped open pit gold projects in Africa. In this portion it mentions Passendro, Axmin's gold project in CAR. This is important because out of hundreds, if not thousands of gold projects across the African continent, AXM holds one of the best. The market will soon see the value unfold as joint venture talks are currently underway and a site survey as well (see last news release from the company).

https://www.newswire.ca/news-releases/teranga-gold-to-acquire-high-grade-massawa-gold-project-accelerates-repositioning-as-low-cost-mid-tier-producer-886868683.html

as per the end notes:

The highest-grade undeveloped open-pit gold reserve in Africa statement is based on publicly filed data available on S&P Capital IQ as at November 15, 2019, and includes the following projects: Sanbrado project (Burkina Faso), Tulu Kapi project (Ethiopia), Passendro project (Central African Republic), Yaoure, (Côte d'Ivoire), Wa-Lawra project (Ghana), Baomahun (Sierra Leone), (Block 14) Sudan, (Bombore) Burkina Faso. Other companies may calculate their respective reserves base differently.



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