RE: RE: RE: well someone has to have something toI suppose if someone offered them enough for the whole company they would sell, but that would be a very big number. And the most likely scenario is that the company or companies most interested in the metals would not be as interested in the diamonds, so doing a metals-only deal would make sense. It is even possible they could do more than one metals deal. Note that the report on their web site (
https://www.tsodiloresources.com/s/GcwihabaMetals.asp) identifies three different areas where they have hit significant mineralization. The shale belt that seems to be drawing the most interest now (
https://www.tsodiloresources.com/i/pdf/Figure3.pdf) is located generally in license blocks PL386-PL390 (
https://www.tsodiloresources.com/i/pdf/Figure1.pdf). The could sell off those licenses or JV with someone on those licenses, and separately develop the other two areas.
And the money from exploiting the metals makes them a big time company with the funding to push the diamond projects. This company was formed because someone was very high on the diamond prospects, and while they have not progressed as fast as they would have liked, everything that they did accomplish so far has been positive. Another very big indicator of their continuing comittment to the diamonds is their most recent board member. Mike De Wit is a diamond exploration guru.
So if you are interested in metals, this looks like it may be the story of 2010. If you are interested only in diamonds, the prospect of them hitting it big on a metals discovery is a great thing for the future of their diamond exploration.
Don't know about their cash position, but after all the money they raised recently it should be pretty good. I guess we'll know when they release their next annual report next month.