I know some investors are concerned, interested, in any details of a JV with Anglo, it is actually something that I am not to worried about. Management have an interest in adding value as that is how they will make there money, so they will not be giving it away, and Anglo will want value for there money, so the company needs to prove there is something worth buying. The SP at the moment IMO, is a good buying opportunity, sure the wheels could still fall of, but getting less likely as every month goes by. A lot of us, including me, got into this company because of the high grades, it sure has taken a lot longer than I thought it would to realise those grades, but we are on the top step now and we will soon see what they can deliver.
Lets not forget that along with the "high grades" 15 + gt, there will be areas of even higher grades, these are the ones that will shock the market when, if, they can prove some up. From the quarterly "Mestre returned Bonanza grades of up to 300 g/t." I believe there will be areas of much higher grades as the development goes deeper. I think it is in level 5 that they have come across thick materialisation where the veins have folded and further concentrated the gold.
This story has yet to get going IMO, from the update on the 27th of April,
"Of note, the Mestre zone contains a significant amount of ankerite, which is closely related with the highgrade areas of this zone and has previously never been seen in the other areas of the mine. Ankerite is an iron-rich carbonate, different from the carbonates found in the quartzites matrix (dolomites), and probably of a hydrothermal origin. Ankerite can be a key indicator for significant hydrothermal vein deposits which could lead to further gold bearing zones the deeper we develop the Mestre zone. This mineral is now an important prospective vector for Mestre zone."
Good luck to us all. Show me the gold..
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