dra, page-38

Thanks rogo, im not really up to speed and im just taking a guess but that latest announcement pointed to much lower capex nd opex so this would suggest an anglo jv.. Two scenarios as you say seem likely one with nglo and one with whoever.. Will be interesting if they release two dfses. Dra involved in all instances? Can a dfs be prepared by dra for the anglo option without inside cooperation expecially as to how the mining will be integrated into the current mining regime. In saying this any possible jv with anglo could be better for us shers if its a takeover (on the basis that the nkwe ore is way off production in terms of their mining strategy). It might mean shers will get better value if we go it alone. Most hopeful for me is this standoff will result in either nkwe not dealing and a third party jv and go it alone or at worst a scabby jv deal with anglo or takeover deal that only gives shers twenty to thirty cent value if lucky. Nevertheless still double todays price. Now on the other hand if the standoff is not real and a jv is not imminent based on the jv partners dd and legal and sovereign risk investigations nothing will come of it and nkwe and someone else have wasted their ten M bonds money as someone alluded to. Interesting times ahead or dull. Actually, i wouldnt be surprised if they pump the thing to the max with hope and dreams just to mine some more shers and stay afloat a bit longer. Those good old nkpos maybe. Gee id love some of thse back....but only ever after a jv is done.