They are at a very nice dilemma most explorers do not have. They have,
1. Keep drilling the Z3, Z4 and anything in between right to indicated resource hoping that as this progress, someone will make them a massive offer
2. Option 1 plus completing the DFS asap and get project finance a reality to miner status
They are also under Namibian govt pressure to start mining so I am guessing option 2 the likely scenario. The selling by Polo and associates could be a contributing factor of this likely scenario.
I am sure I like many LT holders are wondering when a proper valuation of the resource estimates will be made by the market. They have been many discussions on this subject last year and I like the back of envelope estimate of $12 - $15 per share.
EXT Price at posting:
$6.96 Sentiment: LT Buy Disclosure: Held
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