Mr Paul Jury & management Just a few more questions that I would like answered if possible as watching the share price slowly go down after reading your reply from this morning.
Q: You have already announced that Comdek have an estimate of 738.8 million tonnes, and as you are more knowledgeable in this field than I, what would that be determined as a bankable reserve? A:A reserve is an amount supported by a detailed mine plan that is economically extractable.
Q: How long will the major drilling program undertake the other 98 holes and does Comdek have the drill rigs on hand to do such an undertaking A:The plan is for it to take 9 months & yes the rigs are booked.
Q: Who is doing the drilling and testing for results? Are they a local South African company or from somewhere else, where the samples have to be sent off to be analysed ? South African companies who are competent at this work.
Q: How difficult do you think it will be to obtain approvals in South Africa to be able to commence mining? A:Not too sure but the process is similar to that in Australia.
Q: When you say “ We hope in the short term.” Would that be a few Months or a few years? A:This is up to the ASX
CDS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held