Finding Hidden Gems. Why Amani Gold Has The Potential To Shatter All Time Highs.
Established in 2005, Amani Gold is an exploratory mining company operating out of Australia. Amani is led by Klaus Eckhof and Conrad Karageorge, both of which have extensive knowledge history of success in the industry.
One of the largest gold deposits in the world lies deep in the heart of Africa. The Democratic Republic of Congo, commonly referred to as the DRC, is where the Kabli Gold mine calls home. Operated by Barrick Gold ($GOLD), the Kabli operation produced 812,152oz of gold during 2021 and is stated to have resources of 7.6moz. Right next door to Kabli, sits Amani Gold's Giro project. Giro is comprised of two drilling licenses, Kebigada and Douze Match.
Within 35km of Kabli, Giro is expected to posses the same quality of mineralogical deposit, and why wouldn't it? Thats what Eckhof and co are betting on. Eckhof is no stranger to the gold industry either. As a geologist with 30+ years of mining experience, he has had his shovels in the DRC for decades.
One of Eckhof's previous DRC project, Moto, proofed 12m oz of gold and 5.5M recoverable through their feasibility study in under 4 years. Once the Moto project confirmed its use, the project was then acquired by, guess who, Barrick Gold. That same neighbor of the current Giro project. Technically it was Randgold resources, who later was acquired by Barrick.
So what does this mean for Amani? Per Amani's latest press release, a feasibility study has a current deadline of June 2023. The drilling on Giro commenced in late 2017. Now just over 4 years later, they're on the same timeline as Moto. The feasibility study is expected to confirm 4.4m oz or more of gold. In a recent PR, Amani also mentioned a new goal of 10m oz with new drilling points commencing in Q1 of 2022.
Amani is listed on the Australian ASX under $ANL and is tradable on the American OTC markets under the ticker $BRYYF. The last year has been a little bit of a rollercoaster. From a social media pump fiasco followed by a tremendous reversal, with a little dilution added for good measure. It saw a peak of .0049 and tapped .0007 just 3 months later. Currently listed at .0010 as of writing this article, $BRYYF has massive potential.
Let's talk about the math. After the latest tranche to raise funds for drilling, $BRYYF currently has just shy of 23B shares. With the share price sitting at .0010, that gives Amani a market cap $23M.
The price of Gold recently cracked $1,850 per ounce. With the current state of inflation and slow creep to war, that price will continue to grow.
Let's use the inferred 4.4m ounces as a base. Obviously this is speculation and the results could be more or less. As a direct comparison, we'll use the previous sold Moto project also. Moto's feasibility study produced 5.5Moz of gold and was sold to Barrick for $500M in 2009. The price of gold in 2009 bounced around $950 at the time of the deal. That equates to about 10% of the full gold value. $500M for $5B worth of gold.
If we take these same numbers and match them up with todays inflated prices, we can get a rough estimate for Giro's worth. 10% of 4.4Moz at $1850 per oz, creates a worth of $814M. That seems crazy right? Well lets just do half of that to give us room for error. $400M. $BRYYF currently sits at a $30M market cap with a share price of .0010. A $400M value would create a share price of .017. Thats a 1600% increase with a conservative number. The full $814M buyout price represents a share price of .035, or a 3400% increase.
The OTC is littered with companies that have massive potential, but a large portion of them have large question marks and concerns that cant be answered. Amani has the management in place with a history of success and also gives shareholders the peace of mind of being an ASX listed stock. The ASX is notably more strict and regulated that the OTC.
For more information regarding the technical findings of the Giro project, feel free to visit Amani Gold's site at this link.