Bombore Gold Project – Orezone

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.

Resources:

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.

Hmm…

Not for me.

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