Chooky sorry that's simply poor grammar and/or punctuation from me.... should have read.....
So it's pretty binary to me. EITHER Mbila is a flop (but we don't need to pay anything more) OR we renegotiate terms for Mbila going forward based on the fact the original study was not worth the paper it was written on, but we believe we can prove it up.
Either way I reckon we've priced it in.
At present, the market cap is saying 100 million tonnes of coal - we own 51% of Kangwane Central, which is proven JORC 200Mt - which is our absolute worst case scenario because we actually own a hell of a lot more ground - is worth 20 cents per tonne in the ground .... we used to say it was worth conservatively 50c all day every day - someday, someone, somewhere, will wake up to the value. I hope.
HWK Price at posting:
4.8¢ Sentiment: None Disclosure: Held
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