Prompted by one of Harlee's recent posts I have just looked through the AGM notes and other material I have concerning EXT and it's prospects.
It appears that Extract's NED, John Main is extremely excited and unequivocal about EXT having the opportunity to repeat the Extract Zones 1-5 experience in another part of the licence area (See John Mains slide notes from AGM) and in particular
TO SUMMARISE AND TO USE AN AFRICAN YARDSTICK EXTRACT RESOURCES HAS THE “BIG FIVE” IN THE BAG AT ROSSING SOUTH AND WE WILL CONVERT THEM TO A GREAT (TROPHY) MINE.
BUT AMAZINGLY WE HAVE THE OPPORTUNITY TO DO IT AGAIN IN ANOTHER CAMPAIGN ON OUR HUSAB HUNTING GROUND
Whether or not this statement should have been made is another matter - however 60% of the area is unexplored and lots of it undercover.
John Main is no fool he has been a geo for 40 years - Kalahari it is reported have issues with him. If what he says is confirmed then EXT is a "BOGOF" - are we going to see resource north of 1,000 Mlbs? - My thanks to Harlee
EXT Price at posting:
$7.73 Sentiment: None Disclosure: Held
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