Considering his Solar 2 Food business is using the lighting tech he acquired via PhotonStar, is that in itself mission accomplished for him?
I don't know the historical financial detail surrounding PhotonStar and the total effective outlay from AG including BOU shares, but whatever it is would it have been worth it just to acquire the lighting tech?
Or does he have enough at stake in BOU that means failure to complete an RTO would be considered an overall failed investment for him?
We're in an exclusivity deal with Anglo American who really need to find Zambian copper (they have drilled the cr@p out of their western targets and have found basically nothing, it seems).
A deal from another major was rejected before the AA agreement (obviously because they need uncover value this season before high enough offers are made), so we know we have options and will have better ones post Fwiji.
We've hit what appears to be terrific mineralisation on a newly explored Fwiji target under the direction of AA's star geologist who it seems is driving resources heavily towards Fwiji - For a reason, and that reason isn't because there's no copper there.
The BoD are talking about having multiple tier-1 assets across both licenses.
The BoD stand to gain a lot financially from the same outcome we're after, much more than their salaries will provide.
Yes this is AIM. But compared to previous years this the time to get excited.
I'm not concerned or surprised about delayed drill data considering confidentiality, exclusivity and..... (oh go on then) covid.
The soil samples will always be a lower / trace % than that of expected drill cores. Soil samples provide an indication of what lies below and helps to prioritize the drill plan.
To put into perspective: Ivanhoe's Kamoa-Kakula project reported 509ppm. Major operating mines in our postcode reported around 2,200ppm. ARCM Cheyeza East reported 2,792ppm. More ARCM data available in RNS's for other targets.
I recall not finding specific soil ppm for Sentinel but would be interesting to know.
I have similar thoughts to hiblue in that AA's direction has lead to a sole focus on Fwiji. Maybe having more data for Fwiji takes them closer to a transaction, compared to having less data for each of 3 targets. Is it possible that the 8,000m plan has been increased and more rigs are operating at Fwiji?
Unwise if I could like your 13:10 post x 10 times I would.
It's all guesswork and like Unwise pointed out we're not considering grades here which if good enough could blow all if these theoretical numbers out the water. It depends on how commercial the targets are considered to be.
It sounds too good to be true to talk about 40p / 45p + I know, but that doesn't mean it won't happen one way or another.
Good point we haven't heard about Cheyeza suphides at deeper depths yet. Sulphides could be sitting under those oxides discovered last year.
Looking at the map running top to bottom we have Fwiji, Cheyeza and Muswema which spans across a massive portion of the license. We've already heard about sulphides at Fwiji and Muswema and if we get the same from Cheyeza too, well game on and possibly in a very big way. If so I can't see AA not taking out the lot.