Ann: Kogi Iron Announces Positive and Robust PFS , page-34

re: Ann: Kogi Iron Announces Positive and Rob... Gents

Don't be worried by any Cap Raising, OK there may be dilution but come on its not the end of the world.

I remember speaking over the phone with the company secretary and they did say a cap raising would be required to the tune of 20 million.

Even if they raise at 10 cents that would an extra couple hundred million shares extra.

brings the register up to over 400 to 500 million

the deposit alone is worth at least 400 million when proved up to 2 billion tonnes

Do the math

my scribble says 80 cents to a dollar

Ok lets discount the stock, and make it 40 cents

thats a 4 bagger

Where are we now

I will tell you limited downside and a whole lot of up side

I say again Burston is no fool

Val I really don't care about the shares coming out of escrow, for someone whom has any shred of common sense can see the shares are worth a hell of a lot more than 7 cents.

regards

NB