I think the more Mbalam resource builds up the companies who get involved with off-take and financing will just keep going with their participation.The ore body on the Congo border in Cameroon continues into Congo,they will be keen to hold an interest in the continuation into Congo.
I think it will be a lot bigger than is shown on the map this morning.
November 4th 2008 announcement page four shows the mine pit outline.The red Hematite area is bigger than what is shown on the aeromag picture plus the light blue area is Itabirite on the mine pit outline.If that is anything to go by,the light blue area on the aeromag today could all be Itabirite.
If you notice when they announce they only indicate DSO hits.
About 85% of what I thought would be areas of strike have been confirmed. Initially they did not seem to know about Mbarga South being a strike area until they started drilling it.So we could find the areas of iron ore may be a fair bit larger after drilling.
Regards Westcott.
SDL Price at posting:
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