Birdfly...re Anvil..as much as they might like to speed up SBS projects..they cannot! Almost all are JV's that await resource estimates, or pre-feasability studies (Barrick, Sunridge) or both. Even when they get that far they require mining permits and the outcome of royalty negotiations with governments (e.g. see Nevsuns slow progress in Eritrea). Zara is the only project Anvil might be able to influence (mainly through expertise in on-ground developments) but even progress there will still be determined by approvals through the Eritrean Government..a process that will take between 1-2 years...and that is AFTER a feasability study has been completed...and they have yet to start one!!
SBS have good prospects, projects...but it is a slow train....a long term hold that will go in several jumps (up or down) as news finally comes in re Tusker (Barrick)..is it a goer?..or Asmara (Sunridge....will their feasability study...long overdue...be positive?....will they get mining permits....will Eritrea go to war with Ethiopia and stuff it up?)...or Zara..positive resource Ann and positive feasability study...Hopefully the jumps will all be up...but another few years before serious progress is made..
SBS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held