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Botswana Diamonds

19th September 2013

By: Creamer Media Reporter

  

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Botswana Diamonds  (0.03 MB)

Botswana Diamonds recently announced JV with Alrosa aims to utilise the latter’s technological expertise in order to highlight targets within BOD’s extensive database. The JV has dramatically increased the amount of early-stage exploration work that BOD is able to undertake, resulting in an initial 12 licence applications being submitted for which a work programme for late 2013 has been agreed. Our revised valuation, based on previous expenditure, committed future expenditure and the value of the database, suggests a target price of 7.0p and we upgrade to Buy from Add.

Edited by Creamer Media Reporter

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