Predictive Discovery Ltd (ASX:PDI) is well-funded with cash of $1.2 million and no debt as at June 30 2019 to advance its West African gold projects in Cote D’Ivoire, Guinea and Burkina Faso.
It is worth noting that Predictive has a market cap of only about $3.5 million and an enterprise value of less than $2.5 million.
Hence, the company has upside potential given its impressive portfolio of over 6,000 square kilometres of highly prospective ground on the West African Birimian greenstone belts.
Predictive’s business model has provided a pipeline of continuous and early-stage exploration opportunities, partnering with experienced and respected companies to fund ongoing exploration and leveraging their expertise to realise shareholder value.
On some projects, where early results are highly promising, Predictive will undertake more advanced exploration, including drilling, in order to maximise value for its shareholders.
The company’s present intention is to advance to the drilling stage on one or more of its Guinea properties, with a particular focus on the Siguiri Basin.
READ: Predictive Discovery increases landholding in Guinea’s Siguiri Basin
Predictive is also awaiting drill results from the Boundiali North reconnaissance program and the Boundiali South - Nyangboue prospect infill program in Cote D’Ivoire.
Infill soil sampling aimed at identifying new Ouarigue South-style mineralised granite bodies within the known 17 kilometres long zone of gold-in-soil anomalies continued through into July.