AN AR­DU­OUS PROCESS

Finweek English Edition - - INVESTMENT -

Min­ing is tough on the big guys, ju­nior min­ing is tougher and ex­plo­ration the tough­est of the lot, and this is best shown by re­cent trou­bles from African Ea­gle Re­sources. It has a nickel de­posit (Dutwa), which it has been slowly mov­ing to­wards de­vel­op­ment, but the process is long, hard and ex­pen­sive. The lat­est set of re­sults shows that while the de­posit is at­trac­tive, it has sim­ply run out money and may be un­able to mine the de­posit. Even with a great

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