re: Ann: Strong Results for Tanzanian Mineral... Hmm
Investigating flogging off ALL non-Balama assets into a new ASX vehicle...that's how serious they are about Balama.
As for the results themselves, looks like grades were lower than they hoped for but on the other han, thickness was much better than historical and the mineral assemblage (zircon, rutile) was much better.
I doubt any offload of the projects will happen anytime soon though since I expect:
1. It would be virtually impossible to get a mining ipo away in this market
2. They will want to do more work on the mineral sands assets to add value to the future IPO
Cdchi1
re: Ann: Strong Results for Tanzanian Mineral......
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