TopwonAt a guess I always thought there was 5 to 10 years of ore...

Topwon

At a guess I always thought there was 5 to 10 years of ore in front of the declines at Modikwa before reaching hoepakratnz, when speaking to PL he believed 5, any reason for your estimate of 2?

I think Anglo can afford not to do a deal but doesnt make sense why they wouldnt when they could still make money out of depleted declines. Not sure of the capacity of the Modikwa concentrator but do believe it not operating at 100% because of limited feed.

The possibilities of JV agreements in various forms are endless but one with Anglo would have the cheapest capex, or another scenario to consider is Anglo toll treating the ore which Anglo has spoken of before in articles I've read in the past on other properties.

Even if X could do a deal on the use of the declines once they are no longer in production isnt out of the question because looking at the Mototolo JV I'm sure Anglo would like the use of the declines there to mine their neighbouring Richmond farm.