not many dso's in this area of africa

Hi All.

The Metalurgical results are far better than it is showing in the share price.
There are very few projects in this area of Africa that have projects with +60%Fe. Mainly the Simandou Projects and a couple of others that have +60%Fe.Just about all owned by Big Companys.

Second point is the proximity to two Rail Lines that are only around 60kls from their tenements.

Third point is the Rail Lines go to Deep Water Ports around 150 kls from their Projects.

They can start producing and transporting the iron ore by road to the Rail Terminals if needed.

Fourth point is that Main Roads go through the Tenement and Tenements Applied for.

Applications for Tenements that join their JORC Code tenement are due in the next month or two.
Fly overs already done on the Tenements they have applied for and huge strike areas of Iron Ore are shown on these tenements.

Company own one drill rig and drill holes on average at this time only need to go around 10 to 15mts deep.

The Gold Tenement Application in The Ivory Coast is expected to be granted in the next month or two.

If a fund raising is needed it will not hurt them because there are only around 42 million shares on Issue at present and around 22 million Options.

Regards
Westcott.