RE: Potential significant Gold System at the Bothaville NE Project, South Africa confirmed by Drilling Results28 May 2024 08:25
Not so good agreed.. but this is a 180km2 concession.. They are looking for channels. There were 18 historical holes drilled on this concession before, we have 4 More concessions too and the Jelani JV.
Looking on the positive side, the precious RNS about raising capital was not really about raising capital. It was about the revival of the Jelani JV with Harmony which point blank talked about the existence of 2.95mn oz reserve of gold. The market seems to have completely ignored this which was buried deep in the text and focused on the issue of more shares.
Markets sometimes get it wrong.. we've got some great assets in south Africa... I think the Jelani JV will be the first to come home, there has to be more to that announcement if both LEX and Harmony are acknowledging the existence of potentially 2.95mn oz. That's worth 6bn dollars
our market cap is 17mn. Looks a bit cheap to me. Bring it on..