Down the bottom of the transcript but well worth a read... https://www.sprottmoney.com/Blog/ask-the-expert-rick-rule-february-2018.html Rick: I'll start them in reverse order. I like the copper business. The truth is that one of the great jokes in mining is that you raise money based on gold and you make money as a miner based on copper. It's a big business. It's a well-understood business. The exploration technology is very much intact, as is the, you know, production and processing technology. Moving beyond that, the Kalahari Copper Belt which is really an extension of the copper belts in Katanga, in Congo, and also in Zambia is one of the great frontier exploration areas in the world today. The Kalahari Belt really exists both in Namibia and Botswana. The Chakara discovery is an interesting discovery featuring some very high grades. We are interested in it, but at present do not own it. There are also discoveries made by a private U.S. company called Cupric Canyon that we're following closely and by an Australian-listed junior MOD Resources and their joint venture partner, the London listed Tiger Resources. We believe that both Namibia and Botswana are good jurisdictions for mining. Jurisdictions that certainly aren't as well understood from a social and legal point of view as an example, Canada and Australia are, but also jurisdictions that have in place mining culture, in place mining law, and thus far have proven themselves as countries to be wonderful hosts for mining activity. Further, both Botswana and Namibia are much less thoroughly explored than Australia and Canada. So the probabilities of getting a very large tier one deposit in unexplored terrain but terrain where the genesis of the material has already been established like the Kalahari Copper Belt is an extremely attractive proposition to Sprott.
KMT Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
