Might be worth running your ruler over AKI as it might just...

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.