AKI african iron limited

wake up, thick intersection @ 58% fe in africa

  1. 24,192 Posts.
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    Well it apears that the market has yet to wake up to the recent assays announced from the AKI Fe project in West Africa

    X. Significant DSO intersections (announced a week ago) include;
    ?? MKRC036, 33m at 58.5% Fe from surface,
    ?? MKRC019, 27m at 54.8% Fe from surface,
    ?? MKRC033, 24m at 54.8% Fe from surface.

    X. Tight register
    - BlackRock takes major stake 12%

    - Equinox takes major stake 19.9%

    - Cape Lambert increasing its stake to 26%

    X. Main Deposit is 2km from heavy rail to port .

    X. Poss takeover target?

    X. Jorc DSO already

    X. 1st Shipment in 2013

    X. Targeting 1.6-2.4 Bill Tonnes Fe (DSO+Iterbarite)

    Price has retraced... ready to rebound up IMO...

    Its all green lights IMHO, DYOR to confirm

 
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