Cap ~100, Cash ~11, Options 76@45 (200803), Top20: 72% (nominee heavy). Also trades on Frankfurt. Plans to list in Toronto.
CAVEAT EMPTOR: The DRC government should make it's decision on exploration and mining licence renegotiations fairly soon.
Tiger has been doing alot of drilling on the first of it's projects (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