InvestingHaven.com predicts that the price of silver will move to their first bullish target in 2024, which is
$34.70.
They further anticipate that silver could hit $48, either by mid-2024 or mid-2025
Following completion of the drilling campaign, the Company believes it will be able to generate a Measured/Indicated Mineral Resource Estimate for the Nxuu Deposit, compliant with the 2012 JORC Code. A revised Mineral Resource estimate will enable the Company to proceed to a Pre-feasibility study, followed by a Definitive Feasibility Study
Test Work for onsite recovery of Gallium and Germanium Samples have been submitted to laboratories for metallurgical test work to confirm to what extent Gallium and Germanium can be recovered on site. The sample preparation has now progressed to a point where the samples are ready to be subject to mineralogical test work to determine the host minerals for Gallium and Germanium. Once the host minerals have been determined, metallurgical recovery test work will then be conducted. During the quarter initial gravity and leaching test work was programmed and commenced in mid-January 2024.
Should be news anytime now re test work for recovery Germanium & Gallium $$$
MTB is ridiculously undervalued. Only 2m mkt cap is laughable
Should be trading at least 5 cents + will still be only 50m mkt cap.
You will not find better value on the asx
Boom time is coming, silver predicted to reach $48 per ounce
10 to 20 cents
Kihabe-Nxuu Project in Botswana: Mount Burgess owns the
Kihabe-Nxuu Project in
Western Ngamiland, Botswana, approximately
700 km northwest of the capital **orone. This project is prospective for several minerals:
- Zinc
- Lead
- Copper
- Silver
- Vanadium
- Gallium
- Germanium
Kihabe and Nxuu Deposits in Botswana:
Botswana has indeed established itself as a
remarkable mining jurisdiction. Let’s delve into the factors that contribute to its attractiveness:
- Stable Regulatory Environment: Botswana’s Mines and Minerals Act serves as the cornerstone of its mining business environment. This legislation outlines the rights and obligations of both the government and investors. Companies secure exclusive mineral search rights for a modest fee. Remarkably, the mining law has been amended only twice in over 50 years, providing long-term predictability and investor protection1.
- Investor-Friendly Policies: Botswana has successfully created an investor-friendly climate for mining companies. According to the Fraser Institute Annual Mining Survey, Botswana consistently ranks high in policy attractiveness. The rankings consider both geological potential and the impact of government policies on investor sentiment. Surprisingly, Botswana outpaces countries with greater mineral wealth due to its favorable policies1.
- Historical Success: Until March 2022, Botswana operated without a formal mining policy, relying on informal guidelines. Despite this, the country maintained a positive relationship with mining companies, including De Beers.
- This stability and cooperation have contributed to Botswana’s impressive performance in the mining sector1.
While Botswana has faced challenges (such as a recent drop in attractiveness), its historical success and commitment to stable regulations make it a compelling choice for mining investments2.
The Fraser Institute even ranks it as the most attractive jurisdiction in Africa in terms of both policy and mineral potential
