tgs -, page-29

To answer your question Grahod-yes I am prepared to defend Ast.I have also criticised negativity ,unwarranted cynicsm,and conspiracy theories.

As I posted before I have found many useful insights from him varying from resource potential to claims that have vapourised into the blue ether.These more than balance out the conspiracy theories etc which I can easily filter out or just take with a pinch of salt.

I also would rather hear about any genuine problems rather than just have them glossed over or not mentioned at all.


To answer your question on $1.50 I dont think so.
The key is in the SWEX or lack therof. Because of political risk and to a lesser extent execution risk our future cash flows are much more heavily discounted than most.

Although we have ideas about SWEX progressing through to flotation we do not have specifics with dates costs etc.I don't think we are going to get specifics until we have at least two more resources done.This in turn requires at least one more diamond and one more RC to speed things up.
They wont be wasted because there are so many exciting areas to put a drill bit into from Kaminafitwe to Mwana or Mwana east.

In the immediate future though I think she could jump another 10 or 15 c.
Assay results were due back today (end Dec ) and Sase infill sounds very promising.Execution risk (for HMS anyway)should dissappear very shortly and this will giveit a kick.
We are also due for a rerating from silver /cobalt or both in the near future.
Exciting year ahead and i hope exciting enough to take it past $1