Why have they seemingly given up on possibly $10s of billions worth of copper at ST? It just needs one drill to intersect an IOCG core and we would be up and away. I don't suppose the hints of an IOCG deposit under ST was just fake news to suck us all in?
Another nice presentation, though I thought George seemed slightly nervous. I would have liked to ask him what his ballpark estimation of the size of the Amitsoq resource might turn out to be, and how far below surface the visible deposits may extend.
"Katete REE is on the back burner until revenue starts coming in." It's been on the back burner for years, just the kind of perennially neglected license that the govt will sooner or later revoke and hand over to someone who does have the funds to progress the project.
My calcs say that the average copper content of those 6 holes is 27mtrs per hole of 0.96% Cu. The last three holes (testing the SE extremities of Cheyeza East) came to an average of 36.6 mtrs @ 1.16% Cu. More of the same in that direction would be luvverly though a couple of kms more to the SE would bring us to the edge of the current Zamsort license area, as far as I can tell.
While Prem has had to settle for Zim currency instead of USD for RHA, it would be interesting to know just how much hard currency has been syphoned off abroad into hidden bank accounts from the time Mugabe took over. I'll bet our $6m is loose change in comparison.
I guess the foreign investors are sensing weakness and demanding an arm and a leg for taking on the country risk, but the govt quite rightly don't want to part with large chunks of world class assets for peanuts. I hear the Chinese in particular like to strike a hard bargain.
RE: The Cognitive Dissonance of Our CEO27 Nov 2019 12:30
It's a pity the interviewer 'side tracked' DL with the fracking red herring just as he was ready to say a bit about recoverable reserve analysis at HH. I think many of us would have liked to have heard his thoughts on that subject.