announcement - nabanga has more gold, page-6

osr

Have a look at the September quarter report. From memory they said that they had average grade of 5.35 grams per tonne over a 3.7 meters width, and 3.6km strike length (not sure how deep that was - 60 meteres?)

This latest announcement suggests the depth could be a lot greater than 60 meters and that there is a lot more strike length (another 4 kms).

My bet is that they will come up with a high grade deposit of over 400k ounces.

Nabanga does not look like it will be a big deposit, but its high grade could mean that it would be economical to mine by setting up a small milling operation (say 300-400k tonne pa mill) to produce 50-65k ounces pa for 6-8 years. Just speculating.

loki