first mover, page-19

"not so good at getting the stuff dug up of course"

C'on Rob, the whole reason they havnt dug the gold up at Allaqi is cos its not economic to dig it up,at least what they have found to date.

Gipsters can hope that they find more along strike at Allaqi/Seiga as this option hasnt been looked at yet and has obviously taken a back seat to Eritrean exploration.

Higher chance of finding the elephant in the back Eritrean paddock?

The historic site at Allaqi was a punt that hasnt played out.I was worried about Allaqi when the sub-surface intersections came back.It seems much of the material was at surface or has been weathered away by the not insignificant desert weathering rates.

In other words this gold is either wrapped around Egyptian artifacts or its in the upper reaches of the Nile.Yes there might still be potential at Seiga but eritrea is now getting the cash thrown at it.

But then one shouldnt be too critical as this is Gold exploration and not many gold plays end up in it being extracted.Like I say Chisholm has had success, just not in gold with GIP!

They will need at least 1 million Ozs of shallow,2g/T+ surface stuff to jutify the explosives and excavator being hauled out and argueably it might need to be more in such an isolated region.

The trouble with the tin is that its at depth and this automatically costs biger dollars both in getting it to a final BFS and extracting it.Perhaps we will see average Sn prices move up as Asian growth rates continue on and this will eventually justify the Sn coming out of the ground.

Nothing is static, and if companies like GIP are persistant they might eventually get something into production.You know that I know they have a great asset at Abu D and its probably a matter of time before its dug up but as we have seen it needs all the economic Ta factors to come together for this to happen given the size of the operation.Probably the most important being a sustained healthy world economy that will justify large/long term Ta supply,not a jittery volatile situation that we currently find ourselves in.

Im now willing to bet its more likely to be Chinese or ME money that finances Abu D.But then this doesnt really matter as far as Gipsters are concerned,it just needs to come out of the ground.One just worries how much the BFS is now tied into the Syncon and whether the standard tantalite ore is still an option.As we all know the Asians tend to like beneficating commodities themselves which is not exactly the agenda JT wants to follow from all accounts.

But then perhaps JT has been given certain assurances from HCS.HCS certainly seemed keen on Abu D as their next major supplier from that HCS annmnt way back when?

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