RE: RE: GOLD DRILLING NEWS RESULTSI like what I see here as far as the property goes.
I spoke with management and they said they should be completing the final Buziba Bolswa concessions which will contain the majority of the resource which would be close to 1 million ounces all 100meters and above.
This one got hammered because of the Eden deal at GI which hurts us here because it is the same company we optioned the 30, 47 and upcoming 70 pml licences but something tells me that the hiccup in acquiring the rest of the claims may do with Eden clearing everything up with the claims in Tanzania.
Current price represents extreme value with acquiring an advanced stage project that currently isn't apart if the current problems with GI. They also stayed away from BuckReef b/c currently there is a claim on that by locals.
This could be a real sleeper and trading $1 plus once drills turn which should be this summer if everything works out.
Management wants to be drilling this summer. At least a small program to verify the resource and drill to depth.
The property is great. There are jsut a few questions which should be cleared up soon.
This could be a $2 or 3 stock if they successfully twin and extend mineralization.
A road block at GI doesn't necessarily mean the same thing here.
Good time to buy for good chance at a 1000% gainer if everything works up.