RE: L26 Oct 2015 11:48
And yes massive dilution WAS coming until PM managed to scupper a deal together! Mate I have been in CEB since we were under 0.2, and yes I averaged up and at the present SP I'm over 4 bags there. The income from CEB is far more lucrative, and requires far less capital to get money generated. You evidently have very little knowledge of Lemphane and the huge risks associated with that asset, it had no attributable resource! The very very low cpht made this a very very risky development, and you have to remember what PRG are doing here is an absolute minnow, generator run project when compared to the mines Letseng and Liquobong (under development) so when it comes down to it, PRG will need several hundred million pounds to produce world class mines. With the small mines and low throughput its risky business, they could go for a long time without finding any stones, but everyone knows when they do the stones are unparalleled. Mothae is in a different league when compared to Lemphane though, its a phenomenal asset.