Member Info for CHANDA

Sure totally agree with your sentiments pj.

Not surprised, follow my posts.

No. certainly not shrewd

Welcome Therogue. It's really been a great feeling to see the turn of events in here. You deserve it after such a dark hours.

Geology student, Well noted. All the very best!

Geology student, I have been called a thug and 'it stinks' for highlighting these things for free.Unfortunately, I don't think it is right to be quite when you know something. So as I said, it's not actually the debt which led to the closure. But again, there are ways to overcome as you competently highlight.The thing is, these studies are normally done prior to mining as opposed(in my opinion) the way it is being done now

Hi m-wall, Another well founded submission(except for the little bit on my personal identity which is untrue).In this case the assumption of very high copper price is important to copper mines in Botswana. Otherwise I never said this is not jackpot, particularly in the short term before the ugly side of rushing through a mining project probably surfaces as it often does. Mark made some quick unconventional moves that will surely result in gain, but I personally also think he is a very lucky man. And being not so lucky myself, I guess I would still want to get to the bottom of the issues also raised in the CP report. Zapsnap, sorry I had to break my promise again

Shrewd, fair analysis.no wonder your name.thanks

I have to respond.Yes, I joined the day Alecto suspended but remember that was the same time they announce interest bought Mowana which I know more than most of the empty talkers-Haters of those who think differently, linear thinkers. Who is a thug between the friend who advises investors to consider risks and the brothers who blind everybody to go all the way even though there are exciting opportunities along the way? I thought you would be arguing based on material content of my free advice.gamblers.

Hi Mcfirth, Unfortunately, I am not into talking too much about myself. And to prove that I don't mean harm, I will not be posting anytime soon. I have already made my contribution, particularly to those who have difficulties interpreting technical reports but need to decide when it is best to let go. Lastly, google companies like BCL, DML and Hana/Ghanza mining in addition to African Copper to appreciate that there has actually not been a single successful copper miner in Botswana. For me, I don’t think it is logical to say that all these mines closed because of debt. What creates debt? That is the real reason. Neither does producing saleable concentrate in itself indicate the long term viability of a new mine. Unlike CR, I am not basing my conclusions on intuition and common sense, such as the omission of due diligence prior to mining so as to reduce risk associated with all mining projects. Having participated in scoping studies involving copper projects in Botswana, I feel that the real reason the sector has failed is because unlike on the well known Zambian copperbelt, the mineralisation in Botswana sits along narrow low grade horizons often composed of mixed oxide/sulphide mineralisation occasionally which makes both open pit mining and processing uneconomical.

sure I have been quite, but I have been following. Just taking a technical diversion to the usual discussion. My earlier post was about why the resource was reported in terms of contained copper instead of grade and tonnage. Contained metal looks good for a financial guy coz all he does is convert the metal to money. However, it often doesn't work like that and that's where a detailed report becomes handy. I think the CP has spent quite some time recommending further work to domain the orebody. This work should ordinarily have been completed prior to mining. But remember, this was not the priority pit for African Copper, who had prior to resorting to this pit extinguished their high grade starter pit. Divergent views are not always harmful

Thanks for the CP report. Will be super good for shareholders in the short term, that's my guess. In the long term, I see there are some plant recovery issues to do with presence of oxide Cu and graphite. Assuming half of the already low grade 0.84% Cu is either oxide or locked up due to graphite, one can easily calculate how many 40T trucks will have to move up that ramp to get to some descent amount of Cu. In fact I wonder why such a small truck and small excavator were opted for such a low grade deposit. I would guess it is because the orebody is thin and too steep to be handled with huge equipment(which would also imply huge stripping ratios and short mine life). Some well meaning person once told me that there is no longer an easy orebody left unmined. Simply anaylze the detail and the devil is almost certainly there.