Amani Gold Ltd (BRYYF)

[Jack_Herer]

The Giro (total) resource is a decent size at better than 4 Moz, and likely has potential to grow a bit larger (another 25-50%?).
The problem is the grade at ~ 1.0 g/t (using 0.5g/t cut-off). Compare to Kibali next door with a reserve grade of around 4 g/t. That includes higher grade underground material of course, but even the open pits had grades better than 2 g/t Au.

This is the DRC, and there is zero infrastructure at Giro. I'm not sure 4 or 5 Moz a 1.0 g/t grade is going to cut it. And ~ 40% of the resource is still currently Inferred, so lots of drilling to do yet to convert that to Indicated (at least) for a DFS and no guarantee that it will covert - you never know with Inferred, especially in ore bodies with some nuggetty grade distribution.
Why do you think there has been a revolving door of directors here and Klaus is not rushing into a full on drill-out and a DFS...? It's simply not a great project.

At a market cap of around A$30M (with a price of 0.002) and the current Au price, this is probably appropriately valued at present. Will require substantial drilling, successful resource growth, hopefully some grade improvement (possible if some of the higher grade shoots extend with infill drilling), maybe an indication of high grade underground potential with some deeper drilling, a sustained Au price > $2K, plus a positive DFS in order for this one to improve dramatically in value.
All IMO, of course...