Have decided to lay low until I can nut it out and be happy with the result, also want to visually interpret my findings - unless mgt. beat me to it ... so I probably got about 3 months (lol)
Anyway what we do know is that for the Guchab canyon area alone mgt. have elected to povide us with a range. Even if we take the most conservative figure i.e. 5mT at 1% we end up with 50,000T Cu. This of course is roughly 160m x 160m x 195m; even given this very simple calc. it seems conservative. For example we know that at the depths of holes 17 / 25 there are improving grades; are these sulfides? IF not sulfide entry then how much deeper can we go? Evidently mgt. know it is viable and economical - and have even elected to provide us with a resource estimate prior to following the depth of structure from Pad 5; this to me suggests superior confidence and also a very sound approach. It may take a little longer to get there YET when mgt. are ready there in my opinion will be a behemoth of information.
Also in respect to the large seller, why would you sell at this point is beyond me BUT truth be told, we 'never know' anyone's personal or even company's situation - desperate for cash in tough times?? To me, as I am now positioned for the LT it is seemingly irrelevant, in fact IF I require more stock due to my greedy nature it is at a better price than what it was 6 months ago! - AND if I was content to purchase then well now I am absolutely ecstatic!
NL
SBR Price at posting:
8.3¢ Sentiment: LT Buy Disclosure: Held
