Infrastructure in the Midwest is apparently excellant with MGX intending to add a highway of 12km.
The 20 drills , actually 23, to make up the 40 needed to complete a 50-100kt contained copper JORC by mid '08. Thats on kipolu alone.
All this info can is determined from the company announcements.
Regards Kipolo, it was 100% Anvils and farmed out to MWE 65%. Gecamines( DRC mining company) was never had a stake in kipolo (or the rest of the explorationn licence)...... . This is a huge plus as DRC's commission should not affect MWE's position one iota.
The DRC commission came into being to right the hapzard and self interested way the former Gecamines minister delved out licences to benefit himself and friends during the civil war and consequently deemed persona non grata in the DRC.
By contrast, TGS licence position is therefore contentious, as we can all deduct. So a share price cap will likely hang over it till the DRC commission lets the company know where it stands, imo,,, which may present a buying opportunity. The other uncertainty is whether the DRC Commission sticks to 20 Feb to inform companies of where they stand or will it be extended for weeks as is the nature of business in Africa ?
MWE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
