Ann: Botswana drilling update, page-18

Not really sure what to make of the ann, good to see progress and it does sound positive, but it wasn't overly enthusiastic. I did like -
'The KM3 Prospect drill program has successfully confirmed the presence of near surface D’Kar Formation, alteration and sulphide pathfinder minerals, as observed in known copper-silver projects on the Kalahari Copper Belt'.
So they clearly think they have hit something with a decent prospect.


EV at 2.4c is under $9m (excluding the oppies at 6c which aren't overly dilutionary anyway).

Obviously specs haven't been hot and metals have been smashed of late.

Plenty of targets and MOD next door is an easy reference point if some very nice hits that appear to lead into us are proved, copper likely to be hot over coming years with minimal supply coming online and increased demand already projected. I think there is a very decent chance of something significant being proved here with time.

Only $20k to bring this back to 3c at the moment, a few of my holdings have been hit hard and currently at lows with minimal liquidity, could be a nice turnaround here on news and general sentiment.