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In JT summary he states the original 3.5ha has almost 9 million carats. So with extra 12 + 6ha found, that's potentially 54 million more carats. Total of say 60 to round. At the inferred $65 per carat that is 3.9 billion in value, but of course there are huge set up costs etc... but this could be the next big diamond mine, and the likes of De Beers etc could be tempted to place in an offer. Quick maths, so would need to check... But WOW potential.
That’s double the size of KX36 and they also have another one triple the size
This is very significant for BOD
Takeover incoming if this doesn’t explode higher
Excellent RNS this morning.
Spark of news or a few decent buys and it'll be absolutely flying. There isn't much stock about
Looks like its going to pop above 0.4p today. Far too cheap.
There's some discussion on another bulletin board about the company being employed to do the AI. The people doing this job are Planetary AI which has been formed out of International Geoscience Services, the former having received funding from various Governmental investment funds, the latter having a multitude of international mining and exploration corporate and Government clients including The World Bank in the USA, The Foreign and Commonwealth Office in the UK.
In Africa they have done projects across Africa (Mozambique, Zambia, Kenya, Malawi, Cameroon, Sudan, South Sudan, Tanzania, Burkina Faso, Nigeria, Mauritania, Liberia and Sierra Leone, mostly in conjunction with projects many of them funded by The World Bank.
More specifically and more importantly from a BOD perspective, in Botswana they worked for the Ministry of Minerals, Energy and Water on a Government-sponsored plan to transform the Department of Geological Survey to a statutory public entity known as the Botswana Geoscience Institute (BGI).
They don't necessarily need a big balance sheet or a herd of employees to do what they do, but it seems reasonable to assume that the bona fides of both Plantetary AI and IGS will have been thoroughly checked by the abovementioned investing and client organisations, and so would appear extremely well equipped and experienced to do this particular job. Looking forward to seeing what they find!
Very interesting info thanks Perroverde. It sounds like its in everyones interest to do some deals in the area. Expecting things to get quite lively here soon
Agree IG - bear in mind that DeBeers are spending USD 1bn just to extend the life of Jwaneng, have just appointed a new, younger/ambitious CEO, and just agreed a new/extended deal for the Debswana jv with the State to continue and they are short of new resource... BOD can't not be on their radar.
It's pretty impressive. Wouldn't surprise me if the likes of De Beers were sniffing around. Impossible this stays off radar for much longer
The RNS highlights the enormity of what they have in Botswana - 380 gigabyte of data, 95000 sq km of coverage, that's around the size of Scotland and Wales combined. And the second biggest exploration database in the country.
Little old £3m Mcap BOD has an advanced AI system to he’ll manage the vast database of information from drill logs, surveys, samples etc etc
Makes future drilling and discoveries a much higher probability
Exciting stuff
Added exciting bonus for BOD and for Botswana is that the technique will analyse a number of different minerals. We have always believed that there are more diamond deposits to be found under the sand. Now there is the possibility of other deposits being identified".
Possibilities could be Massive.
Small but its ticking up on every buy. Good sign. Way oversold
Any sniff of something positive and this will absolute rocket. The MMs have no stock
MMs are keeping the spread at 33.333% to deter sellers too.
Any sniff of a deal its going to go mental. Big Big upside
Crazy cheap valuation down here given the credability of our assets in Botswana and SA
I agree with IG, there is a strong possibility we are on teh cusp of a deal with someone liek De Beers or the local Government. There is too much value
I expect the Market Cap at these levels will be long gone soon. I am targeting 2p+ as i truly believe we are on the edge of a big big reversal
Yes there is already been a noticeable bottom and trend reversal in Diamond prices. Expect that to pick up considerably as 2024 progress which will likely have a knock on affect to the general sentiment in the area
However, remember the big boys like De Beers like to do their business when prices are near the lows. Taking advantage of opportunities.
Watch this space
With recent highs in Gold, we often see Diamonds of quality being held. This could definitely be a upside to BOD and SP here. BOD have a LOT of such diamonds held in the ground (especially in Botswana).
Looked like a change in trend coming after a year of downward low volume drifting
We know there is lots going on behind scenes and we know that some big players like De Beers are circling
Lets see what comes out in the week or 2 ahead. I suspect we saw some buyers in the know yesterday getting positions. Always happens on AIM
1p+ in April very possible
Any sniff of a takeover deal or JV on one of their many valuable assets in Botswana and it'll rocket.
feels like something big is coming
Decent volume today hopefully news on the way....this goes back to 1p imo
Just shows how quickly this can move ^^^
Still a long way below the 'family & friends' placing at 0.5p from November, they were all very happy to put their money in at those levels given what is beingh lined up
I would suggest we are finally on the cusp of something big
In for some more cheap ones here....should bounce nicely from this level...then back to 1p plus