Its looking good, the value of the one project in Botswana is...

Its looking good, the value of the one project in Botswana is now estimated at about A$1.50 per share and I think there is still a lot of goods news to come from the drilling program over the next 6 months.

If they hit the copper and vanadium credits which I am expecting (none of which have been factored into the A$1.50 value), then the value shoots up exponentially.

The Namibian diamond project is worth at least 25c per share and if they find what they are looking for there then we should see this value shoot up (to put it mildly)!

Hopefully we will have some news from Barrick within 6 weeks.

Royalties of a couple of million per year should start flowing in from Red October in 18/24 months time.

There is a lot going for this little company.

We have often debated why the likes of O Regan and Sterling are so heavily involved in this little company, I am sure this is why!

The company must be worth at least:
Botswana A$ 1.50
Namibia A$0.25
Other A$0.10
TOTAL A$ 1.85

.....and the share price is only 12c !!!