African Minerals ( Tonkolilli) is valued at close to 1.6 B AUD and they got a JORCED 10 B tonnes iron ore resource... I think the 3rd largest iron ore resource in the world.
The Chinese already made an investment of around 250 M USD at a premium of 5.00 pounds/ share valuing the company at over 2 B AUD...
Currently, CFE, AMI and the Chinese are having discussions re. the infrastructure upgrade whereof CFE will own around 33%.
CFE is greatly placed between Pepel port and Tonkolilli and we've just proven that we got lots of iron ore in our tenements.
There are already 3 chinese parties interested in our Marampa project... they're just waiting for the project to get more advanced before they write out a cheque in the amount of 500M$.
Imho, this year will be the company-making year for CFE and its shareholders.
Cheers
african minerals and marampa, page-9
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