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Tsodilo Resources Ltd V.TSD

Alternate Symbol(s):  TSDRF

Tsodilo Resources Limited (Tsodilo) is a Canada-based exploration stage company, which is engaged principally in the acquisition, exploration and development of mineral properties in the Republic of Botswana. It is engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited (Gcwihaba) and Bosoto (Pty) Ltd. (Bosoto) projects in Botswana. The Company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects. The Company also holds a 100% interest in Newdico (Pty) Limited, which provides administrative, operational, exploration, geophysical, and drilling services to the Company's other subsidiaries.


TSXV:TSD - Post by User

Bullboard Posts
Comment by allthatglitterson Feb 04, 2010 2:57am
622 Views
Post# 16750616

RE: well someone has to have something to say

RE: well someone has to have something to sayDidn't think anyone was paying attention.

See my post of 1/15/10.  Big picture is that they have a great metals prospect, lacking only the money to prove it up, and they have been raising a lot of money and will now be able to quantify the asset.  The First Quantum / Kiwara deal ($260M US) would be about $13/share for Tsodilo, and the information on the TSD web site suggests a deposit of comparable or better grade and much bigger.  Heard that Inside Mining magazine has just put out its latest issue and there is a story on Tsodilo.  So Tsodilo is now out from under the radar.  Timing is good because of the INDABA conference going on this week in South Africa, and the share price will get a bit of a bump from that.   Stock has come up a long way since October, but a lot of that is because 30 cents a share was an insanely low valuation.  I think this is just the beginning of a long climb.
Bullboard Posts