Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Ortac Resources (OTC) may not be current flavour of the month with investors, but chief executive officer Vassilios Carellas says the AIM-quoted company is nevertheless poised to negotiate majority control of the Kabala project in north-west Zambia, which he suggests could become a major copper and cobalt mine in the heart of the central African copperbelt. Old estimates implied Kabala could hold more than 150 million tonnes and, though Carellas is somewhat more circumspect, he notes the project is 40 km. ‘on the other side of the dome’ from the Sentinel mine, which produced some 1.2 billion tonnes at 0.5% copper, where the First Quantum group has invested $2 billion, and is in the same area as the major Kanshansi and Lomwana mines.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen