just a comparison

At times I question whether IFE project has some major problem or issue due to the slightly unusual skarn ore, or the unusual logistic and port issues compared to Pilbara etc.

Today I realise their are companies like KFE,(see presentation) who have higher M.Cap yet their project has:

1)Slightly larger resource but much higher impurities,
2)Have to go through similar beneficiation process to get to 55 to 58%Fe
3)Are in Nigeria
4)The project is about 400km's from port
5)they are looking at barging along the river to port
6)They will unload at port and reload on another barge for transhipment to ship
7) They do have one of the best in the business in Ian Burston as director.

I have no view as to whether their project is great or not.

I do see however as a comparison, that IFE are not totally crazy in what they are trying to do with the limited infrastructure it has.

Sometimes you need to see what others are doing to appreciate that the Wilchery Hill project has still plenty of advantages and can be profitable, all in a stable country.(After the election at least)