...is aki the next sundance resources ??

Might be worth running your ruler over AKI as it might just become the next Sundance Resources (SDL)...here's why:-


x. Jorc inferred 33mt @ 56% Fe

x. Mayoko Project targeting 1.6-2.6 bill tonnes of between 30-65% Fe

x. Target expected to increase as more areas are surveyed

x. High grade target of 320-520Mt 40%-65% Fe

x. Samples return low contaminants

x. Owns 80% of prospect

x. Heavy rail in place 2km from main prospect

x. Rail has capacity to transfer up to 10mt/year to port.

x. Mou signed with rail company

x. Rail leads directly to a existing port 300km away (Approx 22km of rail spurs to be built).

x. Port space already allocated

x. Cape Lambert resources owns 25% of equity

x. Neighbour Equitorial Resources (EQX) recently took 19.9% stake. EQX may be a possible suitor for full takeover in the mid term in my opinion as they need access to AKI's Rail.

x. Mgmt excellent Fe experience - one a current director of FMG another is chairman at Cape Lambert Resources.

x. Located in the Democratic Republic of Congo (same as SDL)

x. MCap or $91m (undiluted) SDL Mcap is approx $1 bill(undiluted) at time of writing.

x. Targeting production in 2013 as a lot of infrastructure already in place.

x. Cash of $43.5m (according to presentation on ASX - 3rd Jun 2011) so cap raise in near future unlikely.

x Technical/Chart: it has recently broken out of downtrend.


All is in my opinion. Do your own research to confirm.