RE: RE: RE: area playWhat constitutes an area play?
If you're just looking at coattail riders, BKT looks to be the one to watch.
I would put money on them based on the promotional group involved alone.
If you're looking for other opportunities in Tanzania, I have one that seems to be overlooked by the market.
Trades on the venture.
104 Million shares I&O @ .48 (about 50 million mkt cap).
1 million ounces AU 43-101 compliant open pit, with 95% recovery rates on their metallurgy.
drilling 20,000 meters in Tanzania....assays are pending (apparently, there's a backlog in Tanzanian labs...?)
This is a company that has been working in Tanzania long before Canaco shone their light on to this country and not one that is trying to ride their success.
IFC (Yes, the world bank group) is their largest shareholder
They also have some interest in Namibia, with some properties adjacent to Anglo's Navachab mine as well that are quite grassroots hut very prospective
This deal is not as sexy as CAN with their incredible grades and strong cash position, but they do have some great fundamental value in their 43-101 resource and around 10 million in the bank.
v.HRC
have a look, dyodd and enjoy the ride...Canaco will not dissapoint with the pending results IMO so with all the spare cash these guys will be making us, have a look at Helio.