We have a team experienced in mining conglomerate gold and apparently the deposit style is similar to that of Wits. I’m a lot more optimistic about the potential here. Let’s also remember that we already have 3 mining licences for Tambina, so there’s a significant time and cost saving if/when we commence mining operations.
Onsite sampling at Tambina commenced in April, so I expect we’ll get an update on this very soon.
Bought a few more today. I’m looking at the disappointing March quarter as a good opportunity. Based on WBP alone I believe we should have a conservative MCAP of at least $30m.
Ann: Quarterly Activities & Cashflow Report, page-19
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