re: Ann: Drilling Underway on Botswana Uraniu... IMO, IPT will...

re: Ann: Drilling Underway on Botswana Uraniu... IMO, IPT will end up with some unbelievable coal resources in Botswana, even though their primary target is Uranium.

The concern I have is that mining licences seem to be issued for a specific commodity, i.e. you can mine the uranium from a site, but not the coal (and vice versa)... or you can mine gold and not zinc, even though they might be on the same patch of turf. Am I right that this is how the licencing system works in Botswana?

I know that through another ASX listed coal miner in Botswana that their govt had put a stop to the release of coal mining permits for a short period of time, as they were awaiting coal permit for an adjoining tenement. I therefore wonder how much difficulty IPT will have in obtaining a coal mining permit should their drilling confirm its presence... which it no doubt will - the whole country seems to be on a belt of coal!

Potential 50-bagger from these levels over the next few years.