billions of pounds of copper + gold, page-10

There are no other projects that Drake has that I am aware of that GMR has any interest in getting involved in.

Keep in mind that the Sewdish project is an exception to the rule. GMR is primarily interested in North & West Africa because that is what the Royal Group is interested in.

The next deal will be African located and is for GMR itself, is my best oil but nothing is done until it is done. The project is a gem. Lets hope it gets done.

There are multiple prjects coming.

The cost of entering projects now is about 1/10th (this is a factual estimate) that it cost about 2 years ago. Thank the meltdown for that and that Canadian & Pommy companies have run out of cash for their projects and are struggling to raise funds back in their home countries. Aussie is a rare healthy place to source capital relative to their markets. Hence we are doing deals on our terms. We have the giant cheque book and many top class prjects need cash to progress.

Mali gets drilled aain in October but expect the drilling program to have been dramatically ramped up in size when it recomences due to the recent success in exploration that has seen the strike length increased by 2Kms+.

With drilling in Sweden now looking to be a 6 month ongoing affair, we are going to be inundated with news for a long time.

I see a need for a big dollop of cash. How will they tap the market? Will they allow Royal Group to move up to 19.9% with an appropitae premium paid in a raising (say 20 cents)? Its on the record that Royal desires to move to 19.9%. Or will that go to a insto? Maybe another renouceable rights issue given the last one was a blinder?
Hopefully they will avoid a broker placement (I hate them).

We are at the beginning of the birth of a African mining house which is going to grow substantially. Buy, pay for your purchase and hold for 3 years and you will be significantly more wealthy over time.

The greatest bull market in history in gold will be the iceing on the cake.