"Rubbish talk of the calonda formation being only 0.4 thick"
Please read.
http://www.asx.com.au/asxpdf/20140305/pdf/42n5s3801s28fj.pdf
Its mentioned numerous times!
And before you say its an old release and has changed read the first paragraph of the competent person statement from the 30/6/14.
http://www.asx.com.au/asxpdf/20140305/pdf/42n5s3801s28fj.pdf
It has NOT changed.
It has a lot to do with cash flow numbers as it means 25 square kilometres has to be cleared, the overburden removed and rehabilitated (yes even in Angola).
And all this has to be done in little patches along miles of riverbank in outback Angola.
Not economic!
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