No worries fellas/ladies...it was a pleasure to speak to Matt...
Just thought I would correct my previous post by saying that..
MATT wanted to pursue this strategy for quite some time whilst at SBR, he thought that SBR could advance Guchab whilst doing this on the side. And he said that there was enough money in the bank to undertake this low cost / quick exploration technique.
(I forgot that who I was speaking to last night was Matt, not Tim)...apologies for the error...
Retrac - I agree with your thoughts about Guchab, given the mineralisation found to date and the infrastructure in place, I think this is one in the bag, but still Sabre want to develop it further...
Yes SBR had engaged an Australian Drilling contractor based in Namibia whom was happy to do a few weeks of shallow drilling here and there across the Otavi. Matt was pretty adamant that the cost will be less than $50 per metre including assaying, and that each prospect could be passed over with a shallow drilling program over a period of a few weeks...
My sentiment from our discussion was that the Geophysics were an important step to SBR exploring across the Otavi. There were a number of high priority targets that came out of the Geophysics. Some of them SBR may not get around to because of the sheer number of targets spotted. Matt wanted to 'Net a bigger fish'. My understanding is that SBR could have pumped up the Share Price by releasing these kind of results (and placing a bit of spin), but then they would be releasing sensitive geological data to competitors working in the area or wanting to get their foot into the area etc..SBR main goal was to prove that Guchab had the goods, and that the Otavi was not a one trick pony...deposits like Khusab Springs (which was undercover and contained high grade copper/Silver) and the giant Tsumeb, were still to be found across the Otavi.....
Have a nice day all, Sutto
SBR Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
