We are due for a resource upgrade for Jebel Shayban gold project. Given the previous drilling announcements about high grade drilling intersections it is a safe bet that the news will be positive imo.
The hope is the gold deposit will be big enough to become a self funding mine. The company has cash in the bank and enough easily recoverable gold to get the money flowing in to fund the copper mine start up at Jabal Sayid.
The copper is some of the purest in the world and will be well sort after as global copper smelters struggle with arsenic levels and other impurities. This should insulate it somewhat from the troughs of market prices imo.
This is all IMO DYOR as always.
We are due for a resource upgrade for Jebel Shayban gold...
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