TGS withdrew from PR1961 Pumpi to focus on Kipoi and Sase
Toronto based newco called CuCo Resources Ltd now has hold of nearly all permits of local exploration company Aurum Sprl.
Their main asset is PE661 Kisanfu 2.5Mt at 2.87% Cu. Ownership can be compared with Kipoi: existing deposit, 30% Gecamines Best part: they already commissoned a cobalt plant last September H1-2011 a 19,000tpa Cu DMS plant will be up and running Q3-2011 a second 19,000tpa DMS plant will be added
Pumpi (100%) is called their second significant set of permits with 1961, 1962, 2512 & 2513 In Sakania 2133, 2508 adjacent to Tiger Resources permits
Macquarie and 9 other provided US$75M up till now, last PP in February $45M. Listing most probably on TSX H2-2011
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Yes, but what about security in Katanga? On Wednesday got following response out of Lubumbashi - provincial capital: One shouldn't be worried, as for the local airport shoot-out, we still use the airport parking lot at night. And as for the attack on the presidential palace; one of our NGO connections has visited people arrested, half of these have no idea at all what they are arrested for. It all fits in preemptive pre-elections African style repression...
TGS Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held