RE: OFF HANDENI? You may recall that the Boma property (30 miles away) was optioned to Strike Gold last year, with certain back-in rights for Canaco. I have no problem with the company pursuing other opportunities in Tanzania utilising its knowledge of the country. These appear to be very grassroots in nature and probably well suited to farm out so as not to be a dictraction.
I find it more interesting that the company refers to favorable geology and topography for the mine development, while I have been worrying about the complexity of the deposit...so what do I know?
To restore the stock sizzle, we need to get lucky with the drilling at depth or in discovering new zones The $100 million left is nice, but will not last forever.
I admit to being somewhat puzzled by the aggressive stance taken by the company in advancing a project which has yet to report an initial resource. Is this corporate fluff, or do they really have that kind of confidence? If it is the latter, then we should spend less time worrying and more time buying.