Who knows Rainbow - maybe it is PJ smoking a kak pipe!
If I had a dollar I'd be backing the mining company that could present ESKOM with reality and that is;
1) JORC - RES -massive?? AND 2) That had enough of a land holding to build a benefication plant, build a tailings dam, house the workers and the room to put the buildings on to put in place a mining operation.
There are a couple of other Ozzie mining co's with land holdings in the W/berg but I am not sure they have the land mass to do the above.
Exxaro has a huge land holding that allows them to mine. RES has aquired such a holding.
I dont know if the other ozzies in W/Berg have this...
RES Price at posting:
47.7¢ Sentiment: ST Buy Disclosure: Held