Please refer to BPL's ann on 29 April 2016 the quarterly report
page 5 and I cite here
"The deposits have combined Inferred Mineral Resources of 35.7 million tons of cobalt-pyrite ore with an average grade of 1.85 pounds per ton of cobalt (66 million pounds (30,000 tons) of contained cobalt). In addition, potential for between 37 and 59 million tons of pyrite mineralisation of similar cobalt grade is estimated to contain between 63 and 101 million pounds of cobalt (29,000–45,000 tons"
BPL's combined Inferred Mineral Resources in total:
30K ton and grade is ~0.084%
That is inferred, not even indicated!!!
For TGS
Please check the ann on 14 April 2014 page 18 and 20
for Detailed Kipoi Resource on page 18
Total Measured & Indicated Co
41.9K ton and grade is 0.07%
total including inferred 47.5K ton and grade is 0.07%
For Detailed Lupoto (Sase Central) Resource on page 20
Indicated Co 5K ton and grade is 0.05%
We could forget about Lupoto Resource though it has further potential for exploration.
Now even just one resource Kipoi Resource,
TGS has Measured & Indicated Co 41.9K ton and grade is 0.07%!
Mate that is Measured & Indicated!!! even this we could see TGS has much higher reserve than BPL.
Yet BPL has seen share price increase from 0.024 to 0.095 dollar a share within just 1 or 2 months time, a 400% increase!!!!
Yet in the same period of time, TGS is still falling down!!!!
F**III the management! I guess the management is controlling the information to help the institutes to accumulate at low price and then they announce the news.
Then we probably open at 10c!!!! Fairly dirty deal!!!
All IMHO
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