one for the watchlist

Cap 71, Cash $12.8, Options 76@45 (200803), Top20: 72% (nominee heavy).
Also trades on Frankfurt.
Plans to list in Toronto.

Tiger may be approaching a bottom for two reasons.

1. The DRC government should make it's decision on exploration and mining licence renegotiations fairly soon.
2. Tiger has been doing alot of drilling (has 4 rigs onsite) and should be a few weeks away from releasing a JORC resource on the first project: Kipoi.

Overview:
Current focus is on earning 51% of Kipoi in the DRC Katanga copperbelt for B.F.S. and staged +$22 (partners: Congo Minerals/Gecamines) and can increase interest to 70% I believe.
They are targeting -> 0.75mt to 1mt (avg grade 3-4% Cu) <- contained Copper for the Kipoi project alone (IGV approx $6b),
consisting of the following project areas: Kipoi Central, Kipoi North, Kaminafitwe, Judeira, Kileba.

Some prior intercept examples as follows:

Kipoi Central (Jorc expected in 200712:
122m at 7.3% Cu
102.5m at 7.3% Cu
133.5m at 6.1% Cu
96m at 6.1% Cu.

Kipoi North (Drill 200712):
31.5m @ 2.7% Cu, 26g/t Ag
37.4m @ 1.7% Cu, 16g/t Ag
51.5m @ 1.7% Cu
26m @ 2.3% Cu, 38g/t Ag
15.1m @ 2.5% Cu

Kaminafitwe (Await assay?)
visible malachite

Judeira (Drill 2008):
40m @ 4.67% Cu
17m @ 2.39% Cu

Kileba: (Drill 2008):
38m @ 5.43% Cu

>>>>>>> <<<<<<<

Other areas:

Aurum JV: $5 spend (Partner Somika - owns Cu processing plant in Lubumbashi.):

Earn 70% Lupoto PR2214:
- Sase anomaly:
67m @ 2.83% Cu, 0.19% Co (ended in mineralisation)
51m @ 1.50% Cu and 34m @ 1.15% Cu
55m @ 0.78% Cu and 0.14% Co

- Kapampala anomaly (drill 2008):
8m @ 1.07% Cu
16m @ 0.57% Cu
18m @ 0.55% Cu

- Mwana Anomaly (drill 2008):
14m @ 0.74% Cu, 0.11% Co
28m @ 0.45% Cu
23m @ 0.41% Cu

>>

Earn 65% Kolwezi:
- Pumpi:
visible malachite

- Tondo (drill 2008).

>>

Earn 65% Sakania.
Aeromag interpretation, soil geochemistry, copper-gold-uranium anomaly.

>>

Obviously Tiger is -> VERY HIGH RISK <-, and if projects are taken off them the share price will likely decline.
Hence the title "one for the watchlist". But watch it closely.

Please do you own research. My posts often contain errors.

Please dont corrupt this thread with doomsayer posts. I acknowledge there is very high risk here.