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They have historically identified kimbalitic rock in both dykes and the accompanied blows. They are now drilling to find where the blows are large enough to warrant economic mining. Remember Marsfontain was only a small blow along a dyke.
I cannot see much selling. Just the few who hoped for a quick buck or have not bothered to research.
I only they could really understand what a massive few weeks we have ahead. Just to put it in perspective we all know the Thorny River water licence and mining permit is just around the corner. Why would anyone sell at this moment? As I say 500K's worth of shares here and there does not constitute a sell-off. MMs know what is coming and praying on the weak.
Good place for you to start your research
https://www.lse.co.uk/rns/BOD/unaudited-interim-statement-and-financial-results-zlbvaz4gt5plmru.html
We have been mining now for around 4 1/2 months. They seem to have expanded the initial operation so what can we expect?
My lowball figure would be $ 1.25 million based on 500 tons per day with a 30ctht and $100ct. I am presuming 20 days per month and 4 months. This would be $180K to BOD @ 15%.
The high ball would be $2.5 Million based on the same tonnage processed but 40ctht and $150 ct.
BOD's cut would be $360K or about what we need to pay wages for a year. So negating any need for placing.
Why news blackout? Maybe you have answered your own question. James has been away from the field for a week. Why? He has been completing paperwork ready for an announcement. Not just Marsfontain figures. Not just granting of TR permit but also 1 other piece of news. Now we can all speculate on what that is but to be sure taking this time and the fact that DH is also working on it means it is not just a change in the time they feed the company cat.