Fosters report on the AKI website has them valued at .85,...

Fosters report on the AKI website has them valued at .85, upgraded from .80.

Some of the recommendations from the report.

* We continue to rate AKI a BUY and increase our price target to A$0.85/sh,
~200% upside to current price. The stock represents outstanding value on a NPV
and relative valuation basis when compared with AKI’s neighbour, Equatorial
Resources (EQX.ASX), which is capped at ~A$300m.
* Recent news flow has impressed with the release of the first round of assay
results and the acquisition of an additional landholding (Ngoubou-Ngoubou). We
remain confident of an interim resource upgrade being released in early October
(~100Mt) and again in December (~300Mt) to feed into a Feasibility Study for
release early 2012 prior to financing/development in mid 2012.
* We strongly believe consolidation will remain an ongoing theme in West Africa
driven by the majors. The likes of Glencore, Xstrata, Hanlong and Exxaro have
made no secret of their desire to growth their iron ore divisions, targeting
regions such as West Africa.