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Bauxite v iron ore as a commodity to basically steal - which one would you choose if trying to garner a cash cow for yourself and your cronies? Which one do you think is easier to dig, transport and sell.

I really don't get why you (and MM) post all this daily iron ore market machinations and news headlines. Take a step back and think - Do you honest to Big Man Above think that the Guinea Govt are going to privatise Simandou any time soon given the FDI for project is between $10 - 15 billion USD ???

If they did, that would be end of Simandou as the mining community + US Govt + capital markets would destroy any and all Govt of Guinea efforts to export and sell any form of meaningful products on world market.

Any old fool can copy and paste endless quantum of news articles from various Mags and Newsfeeds on a day by day basis. And add in a little tickler teaser as if often MMs way when posting. It is all so very reminiscent of past behaviours

It used to be SynergenMet that was rocking up to be the saviour of Tlou and Brad. Now it is Kala - and off he goes, straight in to the 50m deep end without a life jacket. Amuses me no end how he always finds a positive in some obscure way, when the overwhelming evidence is this is a dog that does not now know how to bark.

Amazing. So basically 50 / 50 each. Does that make mining and beneficiation easier or harder or cheaper or more expensive. Or maybe they need to drill lots more and get better definition around resource and mine plan and mine path. Or maybe the Saudis will just rock up with the cheque book and say Name your price.

Mining is real easy on a message board seemingly.

Brilliant. The strategy was to extract gas to generate power to sell to SAPP - touted as the blue sky promised land. Now the strategy is scaled back somewhat and to sell power generated at site to a small scale Data Centre (assuming of course the thing gets built - out in the bush). Quite the climb down.

Still the rambling fool waffles about things and people he knows little or nothing about. Read the signs; smell the coffee; delays delays and more delays does not mean things are going well .......... Neither does when the CEO steps down - but he will find a way to claim this is also a positive. Just a total joke man!

That is a BIG claim MM - "The Saudis and Emiratis must be in readying to out bid each other for Zanaga"

You know this or you think this?

Also, I remember one of my first posts on ZIOC was to ask if it was a haematite or magnetite deposit.

I have heard before why number of shares issued by a company is not relevant in the investment world. And now why data centres are going to replace diamonds as the driver of Bots economy. And why TG was the President and King elect of gas in southern africa. And why building a transmission line and sub-stations for a gas mining exploration firm made sense. And why delays in delivering a simple Proof of Concept project - 2MW of gas to power generation - wasnt a major red flag. it's just part of the journey they said; Tony knows what he is doing they said; Tony is on a hat-trick they said;

And still they keep their blind-folds on and ear plugs intact.

Keep up the really great work guys - you are a credit to loyalty in the investment world. And also totally clueless as to any of the drama unfolding in Botswana these days.

What i think is we are in for a long ride ahead. And that the returns touted by MM and others are a pipe-dream. But I enjoy reading how you and MM post your thoughts and articles suggesting the Zanaga project will soon lift off. I hope you are right; I really do. But if the share price rises beyond 30p any time soon, i promise to run round my garden naked whoopin and hollerin that I was wrong and you were right.

At least MM seems to have settled down somewhat from 20 posts per day. I have seen him do this before and really hope he gets one right sooner than later.

The truth is coming ...... stay tuned. Botswana Govt in a massive pickle trying to unwrap the rampant corruption that took place under Masisi leadership, and where some quite incredible stories re Moagi behaviour and greed. BPC is falling apart as well. This is going to be messy - assuming of course they don't sweep it under the carpet (which is highly possible).

Guys, do you take all of us for absolute fools here?? There is an obvious and unstoppable move in African countries to require the 'foreign invaders' to stop exporting ores on DSO basis (a la Pilbara style to China) and start in-country beneficiation leading to investment, taxes, employment etc in the host country.

A pellet plant will cost between 200m and 300m usd capex - and pay for itself in 3-5 years assuming reliable enough ore, delivered in sufficient volume, where power and site evacuation isn't a constraint. If your project touts massive NPV and IRR on a DSO basis, then FOR ABSOLUTE SURE any business case model incorporating an added value pellet plant is going to capture more margin. The issue is not whether this makes sense; nor is it whether or not green steel / EAF / 67-plus per cent iron, etc are achievable. It is whether Govt want the project in their country to proceed; whether Govt wants the 'foreign invader' to be the owner/ driver of the project, whether the partners and stakeholders to the project are connected in the right way to the right people, and whether the locals are getting enough in declared and undeclared cash flows .......

None of that gets reported. My only issue here is which side of the payroll are the message board promoters on. Only they know.

There is a reason posters are few and far between here. One school of thought is that I am the problem. Another school is that you are the problem.

And another school is because this is one of the biggest disaster investments in the history of AIM, which by any metric is the case - except that, as yet, they have not gone out of business. That may well lie ahead for us all; amusingly you have been the one voice over many years saying how great the company and its leader are. Time will judge ....

Https://www.reuters.com/world/africa/botswana-slash-growth-forecast-amid-prolonged-diamond-market-downturn-2025-06-02/

https://www.mining.com/diamond-industry-cracks-under-pressure-as-era-nears-collapse/

I am thinking World Bank could be called in about 6-9 months to bail out the Govt. Those of you that dismissively said 6-9 months plus ago that Govt can simply print more money when faced with budget deficits, well aren't you just the scholarly types....... Not !

Really hope you are on the money MM next week. Starting to get a bit concerned not so many pearls of wisdom being shared or posted these days.

We will let Brad reply you. Then you will be incredibly well uninformed.

Didnt wish to seem ungrateful, so apologies if taken that way. My point is both still have a long journey ahead with multiple milestones along the way. It doesnt seem to me that ZIOC is that far ahead - especially as there is new shareholders and management team on board, and they have to go through all the usual hoops and loops to get this project banked.

For the life of me I cannot figure out a way that makes Mitchell seem like a major influence on Tlou over the years. Him and Tony go way back, and decided they would make a stock market play in Africa. Was it him or Tony that said Botswana coals were the best they had ever seen ,,,,,, Famous last and unbelievably stupid words from whoever said it.

Thanks - but not really.

Zanaga development option being well covered here by MM and Xtrader. All good. Zanaga has 832m shares issued and strong management team have arrived at this party.

A few iron ore options do exist elsewhere in Africa - Botswana has Tsodilo Resources claiming to be as equally compelling as ZIOC. 56m shares in issue and a few major shareholders. Taken from their website, this is the future work they reference in their MD&A (Canadian listed). That sounds to me like both projects are at similar stages - ie figuring out how best to develop their resources. Is all written up and readily available on their website - easily found!

Xaudum Iron Formation: To this end, the Company has commenced a Preliminary Economic Assessment (PEA) for this project. The objective of this PEA will be to conduct an early-stage economic analysis of the potential viability of the mineral resources and to develop a general strategy to move the project forward, given its premium ore potential. The PEA will include detailed studies into; processing and engineering strategies; equipment and technology requirements; transport and infrastructure requirements; identification of potential environmental and social aspects; associated costs such as capital costs, operational costs, and life-cycle costs; and anticipated revenues.

The Xaudum iron ore project is a national interest project that can be exploited to produce an iron product of 67% Fe and above. This highly attractive and valuable Fe product can also be further beneficiated to other Fe Fe products such as ferroalloys, reduced iron products, and steel. The potential for a small-scale start-up mine supplying magnetite to a small-scale ferrosilicon (FeSi) plant which will sell FeSi products to the mines in Botswana and the mines in the local SADC area is also being explored as a way of initiating mining at a small scale while a larger scale mine and infrastructure can be explored and developed.

The Company has entered into a research collaboration endeavor with the Department of Chemical, Materials, and Metallurgical Engineering at the Botswana International University of Science and Technology (BIUST) and Morupule Coal Mine (MCM) to undertake metallurgical studies concerning the potential of generating a Pellet Feed and Direct Reduced Iron (DRI) product from the Xaudum Iron Formation (XIF) utilizing its magnetite and MCM’s coal as a reductant. Commercially, these high-grade pellets and DRI products would be used to produce steel within Botswana, the region, and internationally.

Tsodilo has also joined the Walvis Bay Corridor Group (WBCG), as there is currently a Feasibility Study commissioned by the Namibian Ministry of Works

Just as the lack of corporate updates in between the quarterly reports - in which they tell us how hard they are working and what is getting their urgent attention.

Let's see what the graft busting DCEC guys get up to down there.

Message in weekend post press saying 7 ex-ministers under investigation. Whilst not naming anyone, it is widely known that Moagi is high on the list. His misdeeds are said to include awarding a variety of tenders to cronies in oil storage, solar and energy, and coal mines PPAs. In addition to having accumulated various properties and vehicles without the apparent means to do so. He is also thought to own or joint own petrol stations and a supermarket outlet.

Basically he spent most of his 5 years as Minister of Minerals & Energy scheming how to screw the system, enrich himself, frustrate and delay well-minded businesses and foreign investors and at same time enjoying a party lifestyle. One devious hombre by all accounts. But what goes around, comes around - so wait and see i suppose.

Now wouldn't it be fascinating in TG was somehow caught up in all his nonsense above.....