RE: What are we to do? We're all part of the same boat. Like Joystick just said, the feasability study takes more time and money to conclude the recovery test. The second test will be done this fall and the results will be known by the beginning of next year.
If the recovery is o.k, then the economics could be done with the Niobium and Tantalum prices of 2012. Tantalum for one is a lot higher than the used price in the scope study (250 vs 150). For Niobium it seems that the price is pretty stable, around 45-50 dollars.
I'm confident at 80% to see Crevier become a mine with a good profitability.
For Tulawaka, it's not easy and won't never be with our partner. However, the price of gold is going up and could leave some interesting royalties for MDN in the next 12 to 15 months. MDN needs money to support the exploration and the management is very careful because they want to avoid any dilution at the level the SP is negociating right now.
The key is Ikungu. So MDN needs a partner for the remaining 30% of this property to accelerate the development of this world class asset. Money is the name of the game.
I think that MDN is in a hard place now.The price of gold will be the key for the Tanzanian exploration. Like any other junior stock, patience is needed. I'm in this stock since 1996. Looking in the past won't change it. We have to look ahead for a happy ending.