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  "documentTitle": "Asanko Gold Inc. (AKG)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2017-05-31 00:00:00",
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      "text": "The $581 million downgrade of Nkran and Esaase was largely offset by upgrades to satellite pits that relied in part on increasing the assumed gold price to $2,000 / oz., which is way out of line with AKG’s peers.",
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      "text": "Because Nkran is expected to fund the Phase Two(a) / Project 5 Million expansion plan... the resource downgrade would seem to be a crippling blow. Even worse, Esaase Main also lost 2.9% of its reserves.",
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      "text": "The $581 million downgrade of Nkran and Esaase was largely offset by upgrades to satellite pits that relied in part on increasing the assumed gold price to $2,000 / oz., which is way out of line with AKG’s peers.",
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      "text": "The justification for significantly reducing the cut off grades was that production inputs in the Whittle parameter... had all improved. We believe this may be optimistic.",
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      "text": "Our global gold reserves have remained largely unchanged at 5 million ounces... We are very excited by the exploration potential that the AGM complex holds...",
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      "text": "Our global gold reserves have remained largely unchanged at 5 million ounces, supported by the successful 2016 near mine exploration program which added over 300,000 low cost ounces to the mineral inventory, offsetting mining depletion. We are very excited by the exploration potential that the AGM complex holds and anticipate adding more ounces to our resource base during 2017 from a considerable list of near mine high priority targets. — CEO Breese",
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      "text": "94-99: Footnotes detailing AKG technical presentations, Whittle Pits definition, AISC, and press releases.",
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      "text": "Record gold price assumption helps AKG reassure investors",
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