Just touching on that 3b t possibility comment Ian made in today's BRR, it also accords with the Nigerian MMSD report that was posted here a few weeks back where the table on page 5 showed Agbaja estimation of 3.705b t @ 47.8%.
Personally I dont think Don and Ian would put their time and names to this if the project wasn't feasible. Their experience and the available infrastructure (including heavy rail and the all important 3mt p/a processing plant) are the key here.
Looking forward to plenty of activity once the March 31 option is exercised.
EIO Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held