Management of ELL are satisfied that they are better off coat-tailling on the Blina float rather that trying to re-invent the wheel in the Kimberly Diamond Area.
I believe that this is an astute choice made on behalf of the shareholders. Far greater value will be achieved from the Blina holdings and quicker.
This is a better strategy than CQT as they may fall over before they manage to become a producing diamond miner. They may fall over because they could overextend themselve by aquiring too many leases and then not have the funds to manage them.
Better to get into Blina at this early stage and reap the rewards as they become available. Which they will. IMO.
ELL
ellendale resources nl
