For Prida
Video should end "with the wrong partner, in the wrong place" instead of "with the right partner, in the right place"
I'll back that up with this
- BCL has gone bust (in liquidation)
- No mining company other than BCL has taken out ore in East Botswana of any real value and it was always very low grade.
- Underground mining is required for any finds (capital intensive). Circa $200m - $500m to start.
They really are in the wrong place. Needed to be near Namibia (north west Botswana) not east Botswana.
Maybe Sandfire (SFR) might think about taking over Sigma? Wishful dreaming. Now that's a real company. Simich struck paydirt with Sandfire well before taking over MOD Resources.
There is nothing economic in East Botswana.
Worse than BCL's once operating mines of circa 1%. Why do you think they went bust even with the backing/ownership of the Botswana Government.
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