RE: It's about time we had some predictions as to where the long suffering think this might go !!31 Aug 2020 15:58
I think most would agree that we have a fairly good idea of the Company's near future plans.
On the horizon is the Sumbawanga Sub Station, which will undoubtedly be fed by Edenville's massive coal reserves (whoever owns them at the time?) being the only said viable (because of proximity and amount) coal supply option.
The planned Sumbawanga Sub Station is uniquely placed (coincidentally or not) at the end of the $455m Transmission Interconnector, so another reason to utilise and highly value Edenville's 173mt of known coal.
A requirement of the Tanzania-Zambia Transmission Interconnector Project for Africa is to establish cross-border transmission capacity between the Southern African power pool and the Eastern Africa power pool to enable regional power trade, and that cannot be done without huge amounts of locally sourced coal...
Although there is approximately 1 gram of gold in every ounce of coal it cannot with current technology be economically extracted, and you'd have to process all 173mt...
This project is, and always has been ultimately about coal, and imo that will never change although the possible outcomes are growing by the day!
We know ILTL, MarTek and EITL are eager for Edenville's Coal as are Burundi, Rwanda and possibly Zambia and other South Eastern African Countries,.....and never forgetting the intriguing Dubai connection... :))
Very under valued currently don't you think ! ??...