I found the piece re Botswana to be very poorly written. Had to read it 3x to try and make sense of it. It seems that the Serowe project (PL340&341) have found coal across a large area with '20km strike length'... 'comfirming drilling results from 1980's'. This is extremely promising... but (as usual) analysis of coal discovered has been delayed! CCC never give reasons for these delays... i suppose Don Turvey being from Africa is nonplussed by time horizons and unaware how it affects investors.
The Kweneng site only completed 2 holes before taking an extended Christmas break lasting possibly months! Again no explanation.
So we await news re:
seam width(s)
depth of deposit
calorific value of coal.
The latter (imo) is the most important. A strike with good quality thermal coal (even if just below export grade) will be sufficient to become a source for power stations in Botswana and RSA (Eskom). I can see the day when Botswana exports power to its neighbours.
So despite poor report and vague/missing data... i am fairly optimistic these deposits could prove very viable and add significant value to CCC. Let's hope laboratory results appear soon.
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