edited by moneyam

It's a completely different animal now - prior rises were on the back of pure speculation, the company still had no business. Now the company has laid out it's plans and made its 1st purchase. Don't think it will be too long before we hear of further purchases, small stakes in African mines with the view to acquiring them through share issue...

I maintain the option price for the rights is a great price at 0.5p, this IMO is a significant discount to the fair value of those prospects - with some data to back up extract potential, I believe multiples of the current price will be easily achieved.

Aldwickk, I don't believe Treacle is Dussledorf.

Duss specialises in these sorts of micro stocks and tends to take large long term positions (I understand he has a notifiable position in DMR). Treacle is indeed SueHelen plus many other aliases such as Smiler and Laila etc etc (too numerous to mention). You can see that Treacle bought this rubbish in 2005 and has attempted to pump and dump it ever since without any success. Incidentally the comment 'DMR is a different animal' was posted by Duss, Treacle is unable to form his own opinion, he constantly cuts, copies and pastes from financial BB to financial BB.

Gold
The Archaean Congo Craton has two major gold belts; the Kilo-Moto gold belt in Oriental province in the northeast and the Twangiza-Namoya gold belt in Kivi province, in the east of the country, while recently, gold exploration has also focussed on Katanga province in the southeast. Current estimated resources in Twanziga-Namoya gold belt are 20.1Moz, while historical production from the Kilo-Moto belt is approximately 11Moz. In the early 1990s, official DRC gold production was estimated at 300,000oz to 325,000oz, but shrank to
165,000oz in 2004.

Ibrali International has been awarded exploration tenements totalling 4,550 km squared in the Kalemie region, north of their Dikulushi (Cu-Ag) project in Katanga province. These are held under the new Mining Law introduced in 2003. The properties are located south of the Twangiza and Namoya deposits, which have combined indicated resources of 7.5 million ounces of gold.

DR Congo: Mineral Production
There are no reliable statistics for formal mineral production in DR Congo.
The production for diamonds is problematical and under reported. There may be considerable artisanal gold output with much lesser production from the formal sector. In 2003, cobalt production was reported at 1,200t contained metal and 52,000t copper, from mine leaching operations.

DR Congo: Outlook
While the geological prospectivity for other minerals remains good and continues to be under explored, present attention is focussed on copper-cobalt, diamonds, gold, and tantalite in well known areas. That situation is likely to change with increasing political and civil stability.
Excellent opportunities exist for the discovery and development of other commodities such as zinc, manganese and chrome

http://www.ibraliinternational.com/congo-gold-mining.htm