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KFE - KOGI IRON LIMITED


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As is this one:

 

http://www.moneymorning.com.au/20140419/wh...eep-rising.html

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“The Chinese growth story is likely to continue for years to come and the heads of the iron ore divisions at BHP and Rio agree. They believe that Chinese iron ore demand will remain stable at one billion tonnes per year by 2025.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢

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So I went back and checked when the changed occurred. In the 2013 Annual Report released to the market on the 30th of September 2013 there were 15 leases listed. In the Quarterly Report released to the market on the 31st of January 2014 there were 17 leases listed so the change occurred somewhere between beginning of July and end of December last year. So not this most recent quarterly Roy as you imply, well spotted though. Nice of them to inform the market. :laugh::weirdsmiley:

 

Obviously Iggy's PD had already changed. :thumbdown:

 

Cheers Charles

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Nice pick up Roy.

 

Possibly the area of the plateau between our existing large southern region (drilled) and the smaller north-eastern area (yet to be explored) which would essentially mean all our plateau leases now adjoin.

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Possibly the area of the plateau between our existing large southern region (drilled) and the smaller north-eastern area (yet to be explored) which would essentially mean all our plateau leases now adjoin.

 

Just to play devil's advocate here, if it is the areas as you suggest bb then they must not be materially significant otherwise the company would have announced the receiving of the additional leases to the market. :devilsmiley:;)

 

Cheers Charles

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They wouldn't have any idea as to prospectivity or otherwise yet, as this area hasn't been drilled, though it would be reasonable to expect homogeneity with the rest of the plateau. Perhaps someone at the Co inadvertantly pre-empted the awarding of these areas, which have been in train for a while I believe, hence why they haven't been formally announced as yet.
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Sure bb if the new EL's are part of the Agbaja plateau then homogeneity as you put it would mean a likely increase in reserve size. Who knows why the company hasn't announced these additions to their leases. The news tap has pretty much dried up since mid Feb. Perhaps once financing has been sorted the company can re-engage with shareholders.

 

Cheers Charles

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Hello Chiller

I would bet a cold beer the entire plateau carries grade at what level is the question .But yes it will certainly up the total ore reserve in time .H/C seems to have died a slow death.

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