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Yes, I would have thought end of next week is as good an estimate as any.
Of course, you can't rule out a tweet with a photo of visible massive sulphides before then.
Exciting!
GLA
"Today, we feel we’ve got everything we need to unlock this project."
Full tweet
"Kavango Resources
@KavangoRes
·
56m
It’s been a revelation working with consultant geophysicist Jeremy Brett. He's been an invaluable addition to our team.
When he first worked in the #KSZ 20 years ago, the tech wasn’t that advanced. Today, we feel we’ve got everything we need to unlock this project."
If there's serious buying pressure it will undoubtedly move quickly. I get the sense that many here (myself included) see the enormous potential. So while many might top-slice to derisk, I think there has to be a large % of shares effectively locked up until we reach many multiples of the current SP.
BT has mentioned (in passing only) an SP of north of £1 - although it wasn't a prediction or anything like that, I think it clearly shows what is in his mind as achievable in the short/medium term.
Incidentally, it looks like only 1 MM at 5.1 and then 5.3 on the ask (at the moment at least).
GLA
Thanks JP. I know the algorithm only looks at the bid-offer spread and this can give rise to mistakes in categorisation if one of the MMs on the spread is actually happy to deal well within it.
Incidentally, how do you know that HL have stock? They're not one of the MMs as far as I know.
GLA
It may be a good while yet before we know how it all hangs together. But what is certain is that it won’t be too long now before hard rock drilled out of the ground by Kavango gets cut and shipped off to laboratories for detailed assay.
What those assays show will be the ultimate arbiter of how significant the current drilling really is. But if that core shows what the company is hoping it will show, then hold on to your hats.
Is the current round of drilling at the Kalahari Suture Zone likely to be the most significant ever undertaken by Kavango Resources PLC (LSE:KAV, OTC:KVGOF)?
Certainly it’s deep, with the initial target not likely to be encountered until depths of 520 metres or so.
How thick the target zone will actual turn out to be remains an open question, but at this stage the drilling is slated to go to at least 650 metres.
That should give Kavango plenty of room to play with if the conductor that’s showing up on all of the company’s scientific surveys actually turns out to be mineralised in this hole.
How much of a win that would be for Kavango can’t be understated.
So is it significant? Yes.
It might go a long way towards proving the long-held belief that the Kalahari Suture Zone project hosts a mineralised structure akin to the giant and hugely rich Norilsk structure in Russia. Norilsk is famous for nickel, platinum, palladium and copper.
Any of those metals would be welcome here, but nickel or copper would probably be favourite. Will it be a sulphide zone? – that’s the tantalising prospect. Time-domain electromagnetic surveys recorded unusually high readings of 8,200 Seimens from the conductor that the drillbit is now seeking out, so there are certainly grounds for optimism.
But for all the work that’s already been done – and the knowledge base stretches back more than thirty years on the Kalahari Suture Zone – there’s still a great deal that we don’t know.
Is the Norilsk model really the right one?
Or could it be that some other types of immense mineralising forces were at work all those millions of years ago beneath the Kalahari sands in Botswana.
Kavango is now using the services of consulting geologist Jeremy Brett, a man who’s been writing papers on the Kalahari Suture Zone since the early 2000s, and now that he’s got all the newly generated data available to combine with his decades of experience, it’s possible that new models may emerge.
And that’s why the current drilling may turn out to be the most significant ever for Kavango – it either goes towards confirming the Norilsk-style hypothesis, or it goes towards the development of a new hypothesis, or it goes towards the development of some form of combination of old and new.
Whisper it softly in the corridor’s of Kavango’s offices in Farnborough, but might there be an iron oxide copper gold deposit lying beneath the currently targeted zone. The way the model is currently working, there are some grounds for such a speculation.
On the other hand the implications are so huge it’s almost inconceivable, so breathless Kavango investors will just have to take things one step at a time.
The current round of drilling got underway toward the end of November, with the geospeak referring to current target as lying in a ‘Karoo-aged system’ and the hypothetical deeper target in a ‘Proterozoic system.’
It may be a good while yet before we know how it all hangs tog
There has been a smattering of selling recently - not too much, though.
I wonder as to the rationale - perhaps they just need the money for Christmas and can't wait a week or so? Incidentally, I think the drop in comms is a positive sign (i.e. a need to be careful what is conveyed outside of formal channels) rather than negative (i.e. nothing to say). I also view today's tweet reiterating moving the rig to Ditau and not drilling C as a positive sign that B1 is going well.
But that is just IMHO.
GLA