Incorrect secondplace, Coville Intercorp is an unrelated entity, Erlan Sagaviev is the Economic Policy Advisor to the KZ Govt. and he owns ~25% of FML via River House Consultants.
Tailings would be very much a secondary focus given the progress at Benkala and the noises coming out that the deposit actually extends the entirety of the distance to South Benkala (8KM) and they also have Baitemir which has a lot of big boys interested in farming in on.
corrected by psyclops
I do apologise for posting misinformation, certainly not my intent. : (
the frozen asset that generates a lot of jabber is 46% owned by the Economic Financial Advisor to the Prime Minister of Kazakstan, through Coville Intercorp Ltd.
It is in every PMs interest to have a strong economy. Im not saying Kazakstan is as corrupt as UK. But Kazahkamy is a big player in the world of copper. Therfore IMO KazCopper (frozen asset) could do very well with 'Best of Breed' plant newly commissioned, using leftover 'tailings' Kazakhamy leaves behind. nudge nude, wink wink, yes minster!
I think it's simply the share recovering to the sp it was back in October. The drop to 2p was a shocker to most of us - looks like we've found a new support level above 3p - I'm certainly hoping that's the case - I can't see it plummeting again before April - so what's the point in selling? Now after April is a different situation - if the copper is produced at a good rate then we'll push on - if not - then we'll all need to re-evaluate. If the boards start saying this rise above 3p is because of Gold or an imminent RNS on Baitemir then you're going to get disappointed people when it doesn't happen. The main reason for rise is the prospect of copper production at Benkala - lets focus on that - if other news does arrive in the next 3 months then that is simply a bonus. Of course these are my own personal views - I'm not an expert - DYOR
Yes. we can dream, but BAITIMIR is only one of our resources, check out on the FML website the results of drilling at BESCHOKU and YUBILEINY in 2004 to 2006, its in the archive section. And as you rightly say we now hear that the resource at BENKALA extends beyond the perimeter, worst case perhaps 6 metres, best case all the way south to SOUTH BENKALA! Regards to all george.
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