News: Botswana Metals discovers new nickel sulphide zones at Maibele North, page-5

Hi All, IMO! Sadly BML's latest data have not enhanced the prospect. IMO there isn't the grade or tonnage in the resource to date to make it a viable prospect even with an operating smelter in reasonable proximity.Exploration for nickel rich sulphides using indirect geophysical techniques is a bit of a lottery, even where there is evidence of Cu ,Ni soil geochemistry on surface, which is, in any case, the norm in ultramafic belts. With dismal short term prospects for Ni,Cu and Au BML will struggle ,with or without a partner, unless they get some improved drill hole intersections. It's par for the course to pitch the SPP at a discount under these circumstances since BML have no bullish info. to impart. Hopefully there will be sufficient interest in the "discount" to tempt the punters. BML seem to be obsessed with the notion of the TH, though I suspect the latest TH was an attempt to stabilise the SP before the SPP. BOLTA , we might need it!