African Copper with Charts

In fairness, ACU management don't control the issuing of the licence. Would you have been happier if they had said the licence was expected 4th quarter 2007 and then it had arrived a year early? Management have made an honest attempt to inform shareholders when they think the licence will be issued. I wouldn't fault them on that.

Yes, the matter of the licence is currently a concern but I think the ACU team has done a good job. The funds are in place to build the Dukwe mine and the cash flow from that mine can be used to develop projects in Matsitama. IMHO, there is a lot to look forward to. 2007 should see the construction of the Dukwe mine and further drilling reports, building up a picture of the mineral content of Matsitama. 2008 should see cash generated. At that point the shareprice could be a multiple of today's figure. In my view, patience is needed.