i29 Dec 2009 09:48
agree.. just read this on iii
Given tsavorite can have a market-price per carat of approximately two to four times that of tanzanite, and T1 have $1m over the next 12 months for the bulk sampling and scoping of the project.
We were told in recent update that Recent pitting, trenching and sampling at the Lemshuku deposit resulted in the extension of the identified scope of the deposit. Rotary air blast (RAB) drilling at the Lemshuku Tsavorite deposit is currently underway and the mobile mineral-processing plan has been commissioned.
Also encouraging results have been obtained from the Tsavorite exploration project.
Yet currently the share price is not even valuing the tanzanite side of the business.
Following the encouraging response from the November sales, TanzaniteOne will conduct further non-sight sales during December rather than the previously planned 4th Sight.
Non exec now bought 1.1m shares this month, year end 31st December, and blackrock adding.
Value for money?
I think so.