Many BFS's had been completed to various standards BUT they were not worth issuing to shareholders because there were problems with ownership of farms and no real JV partners who would commit.For example Xstrata told me that they had the BFS and were reviewing earlier this year.
I think that you will find KAB a different animal.There are no disputes over ownership of land.
Just give Brewer at least until August before condemming.I know that we have both had disappointments along the way.
KAB Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
