Perhaps the thing about Kogi’s project that intrigues me most...

Perhaps the thing about Kogi’s project that intrigues me most is why – if the project is, as many shareholders believe, a world class opportunity – a big operating company with relevant experience hasn’t acquired Kogi.

Companies with top quartile projects generally attract a lot of attention. Kogi’s share price performance doesn’t suggest a major iron ore or steel producer is about to make shareholders an offer they can’t refuse. There can be no doubt all the big players will have looked at Kogi, so did they see something shareholders can’t see?