Buy....hold...repeat11 Apr 2016 13:14
Let's have a run through.
Big picture.
o 980,000 tonnes of contained copper;
o 6.6 million ounces of gold;
o 22 million ounces of silver.
· Title is secured via a 30 year exploration & mining licence which surrounds an existing operating mine and production facilities (owned by the Company's joint venture partner) providing immediate access to toll treatment infrastructure;
Now for the feeder pits....
· "The presence of significant gold mineralisation at Bolnisi re-emphasised through high grade historic results returned from the Kvemo Bolnisi target from trenching and short hole diamond drilling:"
o EKBDDH003 - 5.5m @ 5.80g/t Au from 0m
o EKBDDH005 - 4m @ 6.26g/t Au from 0m
o KBTR25 12m @ 7.79g/t Au from 0m
o KBTR_010-1 12.11m @ 3.46g/t Au from 0m
· Builds on the positive results returned through similar initiatives undertaken at the Tsitel Sopeli target, announced on 29 September 2015
· Both drilling campaigns have focused on outcropping mineralisation, which have the potential to be mined in the next 12-18 months as 'Starter Pits'
No land to buy.
No roads to build
No Crushers,washers,conveyors or other plant to buy.
No licenses,permits or palms to grease.
#plug and play
Mcap = 6.5m !
A bag from here takes us to a mere 13.0m mcap.
Not factoring in the silver or copper,a POG spike or 'game changing' drill results.
There's a bag here ....quite simply as a warm up.
Repeat...6.5m mcap !!!!