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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