london roadshow & botswana update, page-33

It is common knowledge that JSW is buying CIC for their Mmamabula project, for a price of $422m. This project is near our Kweneng project (1/3 of of Botswana land), and their is not much difference in size.

What some may not know is that CIC rejected a bid from GMR which valued the land at $500m USD

http://www.steelguru.com/indian_news/GMR_and_JSW_in_battle_for_CIC_Energy/170265.html

So if about 1/3 of our area (2.2bt) is willing to be bought for $500mUSD, then....

*note that coal is not proven yet on our land but GEMECS have stated an initial exploration target of 6-7bt

Just thought I would point that out to any trigger happy investors.