This is pretty much aimed at coal mining for power generation, not sure we could blag that everyone needs diamonds. At a push you could imply they won't reach 1 billion from diamonds if they don't let us get started but I think that ship had already sailed.
BIB, definitely held up well but I believe that it is only because we are so close to nominal value and no one is making any money down here. Much better long term opportunities with other stocks that have taken a kicking but are in production or have a steady influx of cash such as all the banks BARC, LLOY, HSBC, some of the oil companies LEK, TLW, BP are all safer bets and all well below half price. We need cash in the next month or so he pretty much said so in the CRUX interview.
They have been mentioning gold plays for many many years even our partner Newcrest gave up on them if I remember rightly. They are not going to generate anything for us any time soon. 250k in the bank, definite placing on the back of the licence RNS don't get spiked.
Dodge, the SRK report was not a resource estimate it was a process optimisation plan. We were always going to need a Jorc as no one was ever going to take the historical data as fact with no available core samples. IMO it should have been done from day 1 following licence but hey ho can't change that now. Carlingford probably did the best they could to pimp us out but without the jorc almost impossible. And Zim is mega high risk for any investor hence ATLAS.
My understanding is that the jorc is to corroborate the historical data and is only a smallish sample (800m). Samples and analysis will take at the very least a couple of months. If old data is confirmed or better then it should be possible to infer the rest of the data. All IMO