perkoa drilling comment, page-15

Interesting that Aim's sp has held so well,not just Friday but pretty much through the whole week,and that was on the back of a bad week for Zn the week prior.

Somethings holding this sp,and holding it well,apparently with expectation of things to come.

Not often a non-producing,African based spec is capitalised at around $300M.

One now wonders what the project NPV will be and just how much relevance the NPV will have in the context of their being only small amount of debt(in whichever form it takes) which will allow payback well within previously mentioned time scales.One also now gets the impression a P/E could be factored in much earlier seeing the debt will not be so much of a factor.

Does anyone else get the feeling that Perkoa has been almost brought back to the previous optimistic timetable.The only thing I can see as bottlenecking concentrate production will be the plant construction/start-up.

Assuming the unit raising is successful and the debt/offtake happens in the near future then all thats left is for DRA and Byrnecut to do their stuff.They will have some nice bonus inclusions in the contracts if they manage to get things happening in quick time and they'll deserve it if they manage it.

As we have seen from the jobs description post Byrnecut is obviously well into building the core Perkoa workforce which implies they pretty much have the go-ahead to intiate the portal.

Now this is all Perkoa project development but nothing mentioned of the possible perkoa anomaly drilling or any further drill program at Mumbwa.

The next few months could be interesting annmnt-wise and will be an absolute headache for annmnt traders as there are just so many potential items of news that might arise,be they Perkoa project development advances or Drill results.

Then theres the somewhat esoteric possibility of whats factored into the unit issue going forward.

An interesting 6-12 months coming up Aimers.

d.