Ann: Independent Investment Research Report Released, page-244

hey mate

my pleasure

will try to answer where i can...

all open pits inc Theta Hill is fully mining licence permitted except the newest Vaalhoek Mine which is underway from converting from exploration to mining permit - UG is fully permitted except the south audit enterence [ from my understanding ]

yep narrow vein but could be very very high grades - just waiting on the DD results for this... as RC only does 1m by 1m - but the results so far on them were very good [ the ones that didnt fail and needed DD tails of course ]

also its very close to the surface or at surface - which mean minimal overburden costs

DD is needed to go to "indicated resource" anyway so yea annoying but it has to be done anyway in the end - also its cheaper for rigs in SA compared to other places - hence the 3 rigs onsite currently - 2 DD and 1 RC

i love the fact they ordered the 2nd DD recently - after the good results from Theta Hill this year their rhetoric was lets fast track this - and this is money where their mouth is IMO

i wonder if they will order more rig soon too?

dont know the capacity of the plant off the top of my head - it must be somewhere i suppose - worst case it will be mentioned i assume when the quotes start coming in for the different suppliers for the refurb to oxides - soz cant be of more help here....

the low cap startup is smart - hit up the open cuts , spend most of the $ on the refurb of the CIL plant and then get the cashflow to pay for the UG

i like the de-watering of level 4 so they can fan drill

and completely agree - i always look at both negatives and positives - so we all can make an informed decision

to be honest i doubt we will ever see any money from the failed take over... anything can happen but ive written it off personally - it costs us nothing for the % split for the lawyers to go after - so if it ever happens its a bonus... but i doubt it

my focus is on the drilling results of the open cuts and lowest startup costs for the CIL plant.... i wonder how low they can get that going - in stages for example... ramping it up... [ just thoughts ]

the scoping study was all about full refurb and underground $.. minimal refurb start up - could it be 5 mil or 10 mil? i dont know - but im sure we will get an idea when these quotes start coming in - and feedback from the company back and forth


any orther questions anytime just ask - if i dont know im sure there are others that will help too

just about everyone here are real investors - not HC rampers etc...

once the rampers get in - im looking forward to the price rises