Hi everyone, it's been a while since I posted here....over a year as I don't post much.... but I am still a believer in this company
I will shed some light on current standings so any newbies can see what they get here
Comparison's along the same Kalahari Copper Belt : NRX - $11m m/c - Already proven 10mt Cu approx valued @$1Billion IGV (only scratching surface) CBE - $114m m/c - Continually proving up spectacular drill results at Ngami and will continue to do so SFR - $1.93b m/c - An established producer who is coming closer to deplete their reserves in Oz where they founded the De Grussa mine which has been a great success driven by a great board. Since then they have set up shop in Botswana along the Kalahari Copper Belt and have begun assembly of their new Motheo plant
I have always said that from all the junior exploration companies out there, their are only just a couple of key main points that separate their achievements, that being the board's background experience and knowledge within the field they specialize, second is if they have any JORC / proven reserves otherwise the company you invest in is purely made up of hopes and dreams or the word "potential".
Which brings me to say that way did 2 very smart cookie's decide to come to this basically valueless company from the SFR board ? Do they want to prove themselves again or is the financial gain just to good to ignore?
The 2 key people being Robert Klug = ex SFR Chief Commercial Officer, also played key part in MOD acquisition Bruce Hooper = ex SFR Chief Geologist
Previously I pointed out that the historical drilling they have on hand is worth $34m with +170,000m (say @$200 p/m) - this is on a plate for them to analyze already valued 3 times more than current m/c
Near term catalyst - - Assays from Daheim - More approved acquisition's near border - Gov clearances for exploring / drilling on many fronts - Results from drilling several regions along Kalahari Belt - More step out hits like recently 500m from existing Cu hits - CBE fresh results due this week
There is only $2m in CASH currently so a decent CR is around the corner, but I don't consider the board will decide to release under current market value, with 192m SOI they have plenty room to play as other juniors have over 1 Billion SOI and are no where near advanced than this Our goal is to see a good cornerstone investor instead of the notorious groups that specialize in P&D
With a DISTRICT SCALE land holding on a Copper Belt with a 300km strike within our tenements Down the track, we just won't know when I suspect that SFR will make a full Take Over offer for this to give long term sustenance for their Motheo Plant, and some peep's wondering if Namibia is comparable to Botswana = Yes both are very Pro Mining Government's Just give the board time to do what they do best ! I'm not looking @10c = $19m, but 50c = $100m, then $2.50 = $500m so on
My favorite line = COPPER IS THE NEW GOLD
GLTA
NRX Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
