Ann: Drilling to Commence at Mangalisa , page-3

Hey fluffy

Will be interesting to see what AEX is worth if they confirm the existence of high grade ore as part of the fan structure. The spacing of historic results suggests it might be over quite a large area. If the historic grades are indicative of general fan structure, ore grades could be worth between $2,500-3,000 t, but it is narrow and down deep, so am not sure of the economics of mining of it, but they tend to like these deep mining projects in SA where labour costs are cheap.

What are your thoughts on this style of project ?