Time is right29 Apr 2024 10:30
Is the time right for a JV with BOD and a larger mining entity? Meetings in the background could be ongoing in this area of development. We see that with diamond prices in the doldrums, but showing signs of recovery is now the time to look to the future. Botswana has a vast untapped wealth hiding below the sands and BOD holds the keys to the next large discovery of diamond-bearing kimberlite. KX35 and the new anomalies could just be the tip of the iceberg. Diamond mines are coming to the end of their life and with the increased cost of deep recovery from existing pipes, a new source is needed for the industry to continue over the next 50 years.
News will come and at these levels just a sniff will rocket the £4 million MC