so what's cooking?

Let's see what's cooking:


TOGO:

We know that the Togo tender is getting presented this Thursday (Australia Day) so maybe this will add some significance to our chances.

I wouldn't expect much news from Togo for at least a month or two (based on our last experience) but who knows maybe now they are ready to do business and want to get it over and done with.

The usual process is to shortlist 2-3 companies and then negotiate with them before choosing a winner or winners as might be the case in here.

I would presume that the first stage (shortlisting) will take at least a month and then who knows, maybe another month or so to announce a winner.

If we are very lucky we could get some news by the end of this quarter (even if we could just get shortlisted in that time).

If successful, this project on its own is a definite company maker.


BOGDAN:

Based on the Co's ann's we should expect the drilling to start shortly, say early to mid Feb as today is already 24th Jan.

We were advised that these are diamond holes and that they should take about a month to drill each hole. Then of course the samples will go to the lab for 2-4 weeks.

So we can assume that we should get some drilling results from the first of 6 holes before the end of this quarter (end of March).

If successful, this project on its own is a definite company maker.

PEELWOOD:

On the 31st Oct, the Co advised that we were starting a 1,850m diamond drilling programme to test for gold and base metal mineralisation at depth. Three 500m deep holes and one 350m deep hole were to be drilled.

These drilling holes were to to take 2-3 mths to drill plus the usual 2-4 weeks at the lab to get the results.

We should expect the results sometimes in Feb.


MONTY:

On the 6th September '11, the Co advised that they are commencing a drilling programme which will take 2-3 mths to complete. This timeline would take us to the end of Dec '11 so the drilling results should be available anytime now.

The ann states that the Co will also be aiming to work with partners to develop a preliminary mine plan in parallel with this metallurgical programme.

The ann further states that Sultan is targeting completion of all feasibility work by approx. mid 2012 with a view to commencing construction of a plant in the second half of 2012 and starting mining operations in 2013.

The initial NET cash-flow was quoted as $10M pa rising up to $20M pa based on NET $50 per tonne of ore processed.

If I'm not mistaken, Dream Catcher has already posted an article from Monty newspaper stating that it's all steam ahead for Sultan to re-open the mine.


Wow, 5 great projects including 2 company making opportunities and we are still sitting on 1.1c? Crazy!

Hopefully, not for long now.

Then there are still our new acquisitions in the Balkans but since we don't know exactly what they are, there is no point in discussing them.

I'll be at the EGM this Friday and will try to get some more answers.