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This is a long post so stay with me on it. I sense frustration...

  1. 999 Posts.
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    This is a long post so stay with me on it. I sense frustration regarding the gold from a lot of long terms holders like yourself @Gwaihir, @SRV and many many others.



    BIRIMIAN GOLD

    I have looked back through all the old announcements and seen the suggestion of a defined JORC, multi-million ounce reserve was to come;
    (http://www.birimiangold.com/pdfs/AnnualGeneralMeetingPresentation20Nov15.pdf)



    Screen Shot 2017-04-25 at 1.41.04 PM.png

    Screen Shot 2017-04-25 at 1.55.29 PM.png



    Then we end up with the Randgold option agreement of 4% for Ntiola and Viper. We are still going through the process with Koting (there goes another 3 months waiting on 3 drill holes and if RG are to take up an option on Koting then there goes another 3 months of drilling for them).


    Then for Liberia we are given the following;
    (http://www.birimiangold.com/pdfs/QuarterlyActivitiesReportSeptember2016Quarter31Oct16.pdf)

    Screen Shot 2017-04-25 at 1.52.04 PM.png



    So after 5 years of waiting for something we may end up with a 4% royalty and another deposit we are still drilling out. I admire the patience of shareholders regarding the gold deposits, I really do.





    HUMMINGBIRD RESOURCES

    I look at someone like Hummingbird, who @franky1 posted about back in 2014 (https://hotcopper.com.au/threads/hummingbird-grades.2225688/?post_id=13236945).

    Yes they were slightly different but with a CEO like Daniel Betts who aggressively drilled and capital raised they are at the stage of building their own processing plant (first gold December 2017);






    An incredible achievement considering they were in a very very very similar position to Birimian back in 2014. They have been able to avoid a huge amount of dilution through debt financing for their plant (9% over 4 years). They have brought in the right people for the right jobs and expanded accordingly. To get $100 million invested (what sovereign risk?) wouldn't of been easy but with the right management it is certainly not out of the question.


    They also have a deposit in Liberia (like we did) that they have held onto and will invest the cash flow from Yanofila into Liberia to get that up and running in the future.



    As you can see from the video over $100 million has been invested in Yanofila, the Mali government recently took up their portion and the project is on time and on budget;

    (http://www.*.co.uk/companies/news/1...n-investment-from-mali-government-172544.html)
    (http://www.*.co.uk/companies/news/1...i-gold-mine-on-time-and-on-budget-176777.html)




    BIRIMIAN LIMITED

    So if Birimian is to be split into two entities and we have our lithium deposit looked after and we aggressively attack the gold, there is no reason why both companies cannot be successful.

    If we go down the path of defining and JORC and selling off the deposits to Randgold then no doubt that will help fund our lithium project with as little dilution as possible.



    What I am trying to say in all of this is if we get the right management in place who want to make things happen they certainly CAN and WILL. No more sitting on deposits for 5 years in my view, the time has come to do something with it.

    Birimian have several options available and some people have been around for the GOLD only, some for the LITHIUM only, some for both, either way it is an enviable position to be in. I am giving the new team time to work out the best options (which they have alluded to) and personally I think we all should.

    Working out the best option is better than waiting and waiting and waiting. We can all agree on that
 
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