something for delloite's to think about

Exxaro is set to buy African Iron (AKI), a West Perth-based company in the Republic of Congo, for about $388 million all CASH.

African Iron has 121MT of DSO of which 41% < 50% Fe

Their development timetable is well behind BRM's.

In what universe is the $200M valuation for BRM which has 426MT > 60% Fe and 39 other tenements "fair value"? Even if you attribute some "value" to WNI pulp it is so far off the mark that even my goldfish can see we are being ripped off.

Why hasn't ASIC intervened? Just echo's is all we get from them.

How our "Independent Directors" can ever work in this industry again is beyond me. This is straight out theft.

Chalk up another win for Tony Sage.