MINING
“ Some we take equity stakes in and raise funding for , but my main focus now is to look towards Blue Sky Prospecting Rights business because of the early entry and low value .
“ The drilling , exploration process and environmental studies per mine only costs around R3 Million , so once you package those and validate everything and put it all together , you ’ ve spent a relatively low amount on a project which you can either sell for R15 per mineable in situ ton or mine them out .
“ Once you unlock those Blue Sky standalone projects , that ’ s where the true value comes in , to complement my bread and butter business which still exists at the operating mines of Elandspruit and Kromdraai .”
R3 million
Cost of drilling , exploration process and environmental studies per mine
Removal of overburden at Kromdraai www . ipcafrica . co . za 35