I just cannot see how buying low grade iron ore tenements is a good idea. Companies are struggling to sell 58% Fe for a profit yet alone the 52% that these tenements contain.
Seems like they are making some actual progress with the Nigeria project with the ore and coal being ready to ship for testing and scoping study soon to be completed.
If they need to get a side project, a low grade iron ore play in this environment seems daft.
KFE Price at posting:
1.3¢ Sentiment: None Disclosure: Held
