Consider that the Botswanan drilling will only give an INFERRED resource.BUT then if this bullish Botswanan attitude continues with thermal coal on the up then it COULD factor in a chunk of cents.
Not willing to estimate what kind of chunk because Gemecs numbers are almost PURE guess-work and MUCH will rely on continuity of seams/depth of seams,depth of resource,thermal quality of the coal,etc etc etc.
Botswana is the big variable with such company valuations.
They also have much to do with getting the DeWitt BFS done/dusted and for Vaalvank to get an early guernsey start-up they need Total to let them at their seams via the Forzando decline.This could be a BIG ask if Total want to crank up more production from their mine.
As the reports mention,and Ive maintained,this is now about this team showing their true colours to hit these timelines.Easier said than done BUT they do have a sizeable experienced team that MIGHT just pull it off.
d.
CCC Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
