In times of commodity price volatility, how does one give a fair value to a company based on a future commodity price@f7  How does one give a fair assessment of a company when the market indicators are going down at the same time as the share price of that company is going up, or vice versa@f8

Let's hope 'Happy' New Year will carry more weight than usual, it certainly will prove to be an interesting first few months.  It's tempting to wish them away iin the hope of better market results as we head deeper into the new year.

Download a block inventory and graph in the form of an Excel file which you may use as a working file to calculate Resource to Reserve  of an alluvial diamond deposit.  For further clarification, please read the "Using Grade Tonnage (or Volume) Curves to Define Diamond Reserves and Illustrate Sensitivity of Reserves with Changing Operating Costs"

The occurrences of the last few weeks have clearly indicated that there are advantages to exchange controls, similarly there are advantages to have them removed.  The challenge and opportunity is to work together with government in findings ways to relax exchange controls, to allow capital to flow unrestricted, while at the same time ensuring sound and secure investments both abroad and at home.

In April 2008, the JSE exposed for comment, a proposed draft Listings Requirements.  Last week we received formal notification from the JSE that the consultation process has been completed and that the new requirements, which are effective from 1^st September 2008, have been issued as Bulletin 3/2008 on 30^th July 2008.

Last week one of our clients called in and asked for assistance with a "Murder Agreement" which was Freudian slip and he actually meant Merger Agreement!  To me, that is a sign of the times and we are seeing a significant reduction in the availability of early stage exploration risk capital. 

... there has been intense debate about what blocks should be included in the grade-tonnage curve inventories and in this respect there is further confusion over the definition of a mineral resource since the guideline states that "Mineral Resource is not an inventory of all mineralisation drilled or sampled regardless of cut-off grades".

The perception that business in Zimbabwe is high risk, has significantly discounted most assets.  The Directors of ACR believe that mineral resources in particular are a class that have been significantly undervalued.  This perception creates an investment oppurtunity rarely availble in world-class mineral belts.

The one-stop-shop is now a reality.  I have recently received from the SAIMM, a CD containing all the latest major international reporting codes as at February 2008, in pdf format.

... Section 12 of the Electricity Act states that any consumer may institute a claim for damages against a license holder if such license holde neglected to fulfil its obligations as set out in the license.

Just a quick reminder, the Mining Indaba is around the corner.  If you need help compiling your fact sheets, technical statements and marketing brochures please let us know as early as possible...