Time for appreciation.

AFR must be close to attracting some interest.

Larger capitalised mining stocks have already shown significant upward movement with mid and smaller size ones also showing some life.

With AFR we have a company....
- with a large thermal coal resource, 8 billion tonnes.
- a tier one partner, First Quantum Minerals, in their Sese coal project. FQ currently picking up development and administrative costs. Project to supply coal-fire power to FQ's copper mine in Zambia with the ability to also provide energy to Botswana and Zambia.
- Mmamabula West project currently focused on tendering for South Africa's 3,750MW coal-fired, cross-border, base-load IPP procurement program.
- $4,000,000 in the bank.
- someone running the ruler over Mmamantswe resource.
- market capitalisation of $24,000,000.
- resource, in the ground, valued at .003 cents per tonne.
- no value applied for partners or current tender processes.

In a market place where thermal coal has appreciated from USD 40 per tonne to above USD 110 per tonne (5,500 ex-Richards Bay might be say $85) AFR looks to me like an undervalued company with more than one iron in the fire