Exploration Success And Regional StakesOngoing drilling success nearby and strategic investments in West African pre-production assets expand resource upside and create opportunities to process new discoveries at nearby plants, which could unlock extra value without large new capital needs.
Project Development And ProductionProgress toward producer status at the Kone Gold Project reduces project risk and is likely to attract cash-flow focused investors, supporting a potential re-rating as production begins.
Valuation Gap To PeersCash-flow based valuations indicate the stock trades at a noticeable discount to comparable miners, implying meaningful upside if the company executes its development plan and delivers steady cash flow.