On reviewing my previous post - i note that i ommitted the word "no". I meant to say, "I have NO doubt that this is a large resource." Apologies if this caused any confusion.
With regard to your question - Are you talking about AFR? If I can assume that you are, where did you get the 8-10B tonnes from? Re your valuation - I hope someone else can answer because I dont have the time and I would imagine it would be difficult to value accuratly due to a lack of comparables in Botswana - hopefully someone can do it as I would like to know the answer.
As raised before the only way I can see this project going ahead is through a capital raising or a takeover offer by a GORILLA as AFR has $10M cash and will run out in less than 6mths on current spending levels. The investor presentation flags that this resource will cost 10-12b to develop!
Welcome any comments and above is just IMHO.
UnC
AFR Price at posting:
43.5¢ Sentiment: None Disclosure: Not Held
