I'm scarred haha. Clearly this new potential sand hosted discovery was known hence the new mining license granted as sparky pointed out they have known of this 50kms and been working on it as they stated "other priority sites".
Anyway perhaps Middelmas and Sprott can jointly fund development. Seriously it is a simple low capex - low opex mining process and very quick start up time. One of the biggest challenges in Malawi is electricity supply - none required - sorry - very minimal required for this type of mining.
Dejavu the graphite. First discovered was in hard rock probably never to be mined then the superb saprolite hosted resource. Similar now with initial rutile discovery which could now be superseded by this sands hosted discovery. Given ease of mining this could be our first mining development/operation then again the other deposit near railroad could be of very high grade. What a stellar position to be in.
Crazy none of this has been factored into SP we are trading below superb graphite holdings SP.
SVM Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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