Surprised no mention of Datt Capital (friend of the show) who cornerstoned the SER capital raise after the AGC discovery hole.
Cobar Basin appeals to him. The discovery drill hole was never discussed.
Felt that Zambia was overpromoted. Country is in a massive debt crisis with Chinese creditors owed.
Zambia was the first African nation to default on its debt after COVID (Source - Financial Times). Mine workers are paid an absolute pittance and Zambia has a long history of nationalistic policies towards mine output. Let alone Chinese creditor influence. BHP wanted to buy copper mines in South America - not Africa!
The Cobar Basin produced the fourth highest grade copper mine in the world - CSA mine. Since Glencore relinquished whole ownership, we now start to see drill reports.
How's this latest hit from CSA in the Cobar Basin - 50metres @ 8.9%Cu from 170 metres!
Above is not financial advice and my opinion only.
AGC Price at posting:
30.3¢ Sentiment: Buy Disclosure: Held
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