If this was in Aus, TGS would be multiples of where she is now. Sovereign risk vs geological risk.
TGS will do well.
Tiger reports further drill results at Kipoi Central 16:08, Wednesday, 31 October 2007
Sydney - Wednesday - Oct 31: (RWE Australian Business News) - Tiger Resources Ltd (ASX:TGS) reports latest results from the ongoing resource diamond drill program at Kipoi Central (TGS earning 51pc), situated 75km northwest of Lubumbashi in the Katanga Province of the Democratic Republic of the Congo, continue to confirm the potential for a significant high-grade oxide deposit. A drilling intersection of 133.5m at 6.1pc copper (KPCDD029) confirmed grade continuity of mineralisation in the central part of the deposit and depth extent of oxide mineralisation. Other significant results include: * KPCDD016 - 16.1m at 2.1pc copper and 16.7m at 1.9pc copper; * KPCDD019 - 8.5m at 0.8pc copper and 2m at 2pc copper; * KPCDD020 - 32m at 0.9pc copper; * KPCDD026 - 56m at 1.7pc copper; * KPCDD027 - 24m at 0.8pc copper. The new results extend mineralisation over a strike length of 550m, to vertical depths of over 150m and confirm substantial high-grade sector of 6+pc copper. The mineralisation remains open at depth and to the west and south. Five drill rigs are currently operating at the Kipoi project. A JORC-compliant resource for Kipoi Central is expected to be completed in December.
TGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held