“Outside Coal”. ...14 May 2021 20:37
I think it’s reasonable to suggest that whatever direction the Company take “Outside Coal” will be akin to the current Tanzanian licensed area. Edenville’s assets, the Fully Licensed coalfields and 173mt of coal is everything that the Company have, AND it’s all within the Rukwa Rift Valley.
Personally I don’t think they are looking to mine other minerals or elsewhere as they are clearly not very good at it, and imho it’s unlikely any of these new Major Investors would be Investing in Edenville’s ability per se to mine coal. SO logically they must be looking at what Edenville HAVE and NOT what Edenville do,...although the coal operation must help!.
If you have a licensed area of c. 27 sq ml at the exact location (the Rukwa Rift Valley) of one of the world's largest helium gas fields, where the underground 1.53 billion cubic meters of Helium reserve ($3.5 billions) discovered is over six times the world's current supply of Helium, WHY would you be looking elsewhere?...
I don’t think it’s rocket science, but hey ho I could be wrong !!
aimhopdyor