quarterly actrivities report ..., page-15

Hi squidd.

I posted around March/April that they were looking to have one drill rig operating at Mt Nebeba.
They will be drilling to a different plan to what they did at Mbalam.
Don did not say exactly how they will differ the way they plan to do the drilling. Don did say they have learnt from the previous drilling to drill at Mt Nebeba in a different way.
I think it will be shallower drilling to bring the DSO resource figures to a high figure in a quicker time frame.
They know there is a lot of Itabirite under the DSO,so will do deeper drilling at a later stage.
They do not have to keep drilling to get a bigger resource of Itabirite,as it will not be needed for many years.

The bigger resource of DSO they find and mine,the longer they have to fund the Itabirite infrastructure.

Mbarga looking like a 35 million tonne per year DSO mine for 5 to 7 years or a 50 million per year DSO mine for 4 or 5 years.

Mt Nebeba looking to be a DSO mine for 10 years + at 25 million tonne per year.

There are also the other areas at Metzimevin-Meridoinal-Njweng-Mbarga South and the extensions leading over the border into The Congo for DSO.
That is before they even think about mining the deeper Itabirite.

They could in my mind look at operating two companies,one mining DSO and one mining Itabirite.
Imagine the money that would be raised by listing a company with proven billions of tonnes of Itabirite in the ground.

Most probably me dreaming about possibilities,but not eventuating.

Regards
Westcott.