food for thought

To see where this might be heading in time, I thought about looking at RIV for an example - not sure Bungi if you have done a milestone/graph comparison - I'm not skilled enough. Interesting to see a few early similarities ;

- 27/08/04 Patersons recommend as a Buy @ 20c with RIV taking a 74% in coal project with BEE partner
- RIV appoints experienced executive Hugh Callaghan
- Undertake a BFS at this point which will take about 9 months
- It is expected that this study will be completed by July 05 AND WILL BE USED TO SECURE PROJECT FINANCING FOR THE ESTABLISHMENT OF MINING OPERATIONS.
- 09/11/04 RIV share price @ 40.5c
- 08/12/04 RIV share price @ 55c (50 mill shares on issue
- 06/12/05 RIV share price @ $1.00 (93 " " "

Mozambique Project ;
- 26/10/06 Settlement on purchase of Project SP $1.10
- 05/12/06 1st Drillhole Result SP approx $1.10
- 08/03/07 18 further borehole results SP approx $2.00
- JORC definition of 1.2 bill tonnes SP $10.00
(154 Mill shares on issue)

Now I understand they have a lot less shares on issue but we already have 738 mill JORC inferred which we could think can be extended on to over a bill indicated without Tassie so a very safe Investment bet IMO. Enjoy the journey longs...