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Thanks for the clear explanation

Please can you clarify the reduction from 45,414,000 to 22,707,000 in each line. Thanks

Thanks .. I realise this was posted earlier but could not ind details. 40 million would be very welcome!

Oops, sorry I dropped a zero..thanks ..what npv8 does this equate to ?

At 9000 for Cu the JORC for Luansobe open pit gives an in ground value of around 50 million dollars. What is a realistic sale price after deducting mining constants an discounting future value ?

Anal...the pie in the sky was not a reference to drill results or potential of the assets..(I have no disagreement on this). The question was about timing..what does nearly there mean. You have stated previously you expect 2 to 3 asset sales/JV by Q2 ... this is pie in the sky. I hope your guesswork is right..I would be happy to eat the humble pie, but I suspect you don't do humility and if you are wrong you will just create another hubristic guess.

We should be pressuring the company to provide more facts on plans, holdups, timelines for all of the assets.

Luansobe licence within one to two months. If granted the Co has indicated mining begins by Sep/ Oct. Probably wise to expect some slippage given previous expectations not supported by detailed plans.

Other assets are still in pie in the sky phase, no facts available to say when "there" , so nearly there is optimistic speculation.

Hopefully... unless Luansobe licence application is rejected or deferred and CB doesn't have something more tangible than hot air in the tank to stop the SP itself tanking

If there is something tangible happening and it is passed the point on"creating tension", why the need for pushing exposure? It seems just like more hot air for the moment, trying to support the share price.

IKY.. is this because there is no real current interest and he is now fishing?

Analytical...sounds reasonable but do you have ballpark figures for nett cash generation in 1st year? Thanks

Has anyone made assumptions, calculations, thesis on what it would cost to bring Luansobe open pit to cash flow positive?

Irish demon...no need to be rude. The thread discussion had moved to Luansobe to which the plan and cash flow comments were addressed. The drought reference should also have made it clear the discussion was about Zambia

Yes we have not seen any plans or cash flow for the mining stage yet. Also, will the drought affect the issuing of mining licenses?

Analytical...given these results do you still expect this to be sold by end of Q2? Does the unusual discordant nature make it more uncertain commercial ity wise and therefore may delay a sale until the further exploration drill phase is completed?

Yes the rising copper price makes Luansobe more attractive but the company has not been transparent enough with the costs to exceed ise the option of developing the open pit ourselves and whether this could be funded out of current liquid assets or would require either debt, dilution or a sale of another asset. I emailed the company about this cash requirement but got diddly squat in reply. That is the quality of our management.

That is rather uncalled for. Levi obviously knows we are not producing..it was a sarcastic question. Many people are equally frustrated because there is a lot of hot air but no return to shareholders. Let's hope your expectation of 3 sales/ diversifications by end of Q2 is not just hot air.

75th..29th sep

76th..20th Nov

77th..12th Jan

78th..1st Mar

Published generally a few days later

I sincerely doubt the next one will be in 4 weeks - more likely towards end of April.

78th MLC report out.. can't see Luansobe. Another two months wait takes us almost to Q3

IKY..what does ...took some profit because it is "dead" here...mean? Is it because yo expect naught to happen in the near future?