RE: soc drilling the 7.2 hectares for increased vaYour being fed a line by SOC...The commisioner has said (in both Companies press releases), "At the meeting, the minister indicated that it was the interest of the government of Tanzania to see that the Magambazi mineral property is developed into a large-scale mine in the future and that this can be achieved if the area covered by ML 413/2010, which is located within the larger area covered by Canaco's prospecting licence, becomes part of the project." so there's no question that the property is going back to CAN. It was also apparently stated at this meeting that CAN has every right to drill and that no value would be added to SOC from CAN's work.
The only question SOC is asking s how much they will get? CAN say's nothing...We'll see.
Frankly