Ann: Update on Step Out Drill Program, page-42

We're forgetting the fact the BCL have to keep the mine alive, and they can't do that without ore. Things are getting a bit desperate at BCL too -

BCL looks to import nickel concentrates

"..BCL is now eyeing to penetrate the market in Sub-Saharan Africa to ensure a sustained life of the mine and the livelihoods of the people. “We are cementing long-term contracts to ensure that nickel concentrates in Sub-Saharan Africa continue to flow into Selebi-Phikwe to ensure sustained livelihoods into the next decade,” he said.

Now that the BCL smelter rebuild is complete, albeit outside the target date due to a cocktail of challenges, the mine is now working towards production targets in terms of metal tonnage against the plummeting commodity prices."

You can read the whole article here if you like -
http://www.mmegi.bw/index.php?aid=55773&dir=2015/november/17

There is, however, financial strife at BCL, which in turn doesn't bode well for BML. The low nickel and copper prices have forced BCL into opex and capex cuts, but even then, they still seem to be funding our JV. The question is, for how much longer?

I guess we just wait and see.