Orezone gold corporation is a Canadian listed explorer with an enterprise value of US$51.8M. YTD they are down about 16%. They’re primary property is Bombore, located in Burkina Faso. They own 90% of the project with the government carrying a 10% free interest. Let’s see what we have here.
In July Orezone released a Feasibility study.
Ok. Lots of gold. Grade is very poor.
What does the reserve look like?
Hopefully this has a null strip ratio. Nope. 1.68:1.
Recoveries aren’t special. Get pretty low at lower grades (80%). Large grind size (125um) and low cyanide consumption should make this a pretty cheap process plant. 12,000 tpd.
Not for me.