MNS has only 3 times the resource size of WKT and with much lower grades but a mc of 30 times! Their mine is very close to us in Tanzania. This is taken from their Oct 2016 presso:
They have an MOU for offtake of their +300 um to +500 um announced end of Jan but no project finance yet.
And looking at the map below I didn't realise that MNS is our immediate neighbour. Their tenement is immediate to the right of us, can anyone else confirm this?
Also, from below it looks like our current resource sits only on 1 deposit so far in one corner of a very large land package! Plenty of upside with likely more high grade discoveries.
Time for some serious rerate.
Ann: Lindi Jumbo Definitive Feasibility Study, page-82
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