Rumor says AMI's iron reserve in SL is above 8.0 billion tone.(...

Rumor says AMI's iron reserve in SL is above 8.0 billion tone.( including Marampa Project)

Could be the reason, no idea. Watching AMI's SP is a good point, thanks Tokyo.

AMI's SP soaring is also a good news for CFE, as this means its assets are valuable (including Maramupa Project), and points out the potential it can buy back the 35% interests of Marampa project held by CFE, or just take over CFE straight away.

Marampa projest is AMI's second largest on its project list.Marampa Iron Ore Project

20 km strike length of prospective Banded Iron Formation;
Brownfield site mined for 50 years to 1970; export records show 64% iron product grade;
Ground mapping and outcrop sampling campaign completed;
Five targets defined — two high priority walk-up drill targets;
Potentially large hematite deposits based on geophysical model;
Drilling campaign to define resource potential underway.