Why are Swede still focussing on Block JThere is something I do not understand about the Swede investors logic:
a) Its clear from the results that the size of the stones in Block J found to date did not meet the regional average size, (0.12 Ct per stones versus 0.22 Ct per stones), Therefore any additional investment in Block J is very risky since Afri-Can will need to resolve two major issues (Finding more diamonds and looking for the entrapment area were bigger stones could be found)
b) Its clear from the exploration results found on EPL 3403 that the average size of the stones found on EPL 3403 is bigger then those found in Block J and they match perfectly the regional average found near the Atlantic One deposit of 0,40 Ct per stones..
c) Since a marine resources is composed of two key factors, those being: the number of stones per square meters * by the number of Ct per Stones, and that together they give you a resource in Ct per Square meters.
d) Isn't riskier to invest funds in Block J versus EPL 3403 ? especially since Afri-Can clearly stated business model state that they should not invest more then $ 19,5 millions to find a resource of 1 million carat at grade of 0.10 Ct per square meters?
For me in light of these fact investing exploration either into Block J or EPL 3403 is a no brainier. I chose EPL 3403....
So why keep talking about Block J, let develop a least a one million carat resource as per AFA business plan, then we can go back to block J...