RE: Multiple Copper Discoveries22 Mar 2018 18:20
Yup, I mentioned recently that some of the biggest/best copper mines were down to c0.50% copper reserves which they only get away with because of the size of their deposits/acreage so starting with c1.1% at the T3 monster with all of that other district scale drilling to come and with Cupric Canyon right at the end of our Kalahari Belt block rocking some 2%+ grades already (on 1/3 of our acreage) it's all to play for here and we're about to chalk another week off the calender before some news drops :)
I do still have to pinch myself re the size of that extra �10m that went into MOD for an even more expansive drilling campaign. It was way more than I expected and, presumably, money of that size knows what it's doing as did Rick Rule of Sprott Global who threw in the best part of �5m here almost a year ago now at 3p well ahead of all the progress made since, including that very solid initial PFS here some weeks back.
I do still think that the Kalahari Belt in Botswana could become as important for Copper as Chile is currently, certainly in terms of increasingly important new finds cos they're hen's teeth at decent grades/size now and with a 5-7 year lead time to production upon discovery to boot - little wonder that big new money was looking to accelerate things even further here.
Who knows what further games are to come here re the SP but if Rick was happy to pile in at 3p then I'm happy to keep building my (really quite substantial now) stake here at around a tuppence average - my spideysense says that both in terms of pricing and timing we're bloody close now and I'm slicing out of other plays as we speak to add here all the time - another c210k added by me today courtesy of BMN with more to come the longer/lower this goes on ...
One day (very?) soon it's going to drop here and that'll be the end of the glaring opportunity, certainly at 2s if it involves that JV/equity swap deal we think is doable which will likely bag+ this in its own right and at 08:00:00 to boot :)
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