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| | Corporate Profile: Afferro Mining Inc
Publisher: Kaiser Research Online
Author: Copyright 2010 John A. Kaiser
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Afferro Mining Inc (AFF-V)
| Affero Mining Inc is the successor to African Aura Mining Inc which spun off its gold and diamond assets on April 13, 2011 as Aureus Mining Inc so that it could concentrate on developing its west African iron ore assets. Affero's flagship project is the Nkout iron deposit in southern Cameroon for which it completed a PEA in May 2012 which envisions scenarios producing 15 million tonnes of direct shipping ore (61.5% Fe sinter fines) annually, and 35 million tonnes. The 43-101 resource is 944 million tonnes of 32.7% iron indicated and 1.05 billion tonnes of 31.6% iron inferred over an 8.9 km strike. The project is located 330 km from the Kribi deep water port. A 516 km rail corridor has been proposed which will connect the port to the Mbarga iron project of ASX listed Sundance Resources Ltd and which would pass within 20 km of Nkout. Affero hopes to share in the construction cost of this railway proportional to its planned usage. Affero is proceeding with a prefeasibility study it hopes to complete in 2013. In 2011 Affero sold its 38.9% stake in the Putu iron deposit for $55 million which it received in April 2012. Affero is headed by CEO Luis Cabrita da Silva and chairman David Netherway, and guided by Geneva based founder Guido Pas, Affero's largest disclosed shareholder. In May 2013 Affero agreed to be acquired by International Mining and Infrastructure Corp. for 80 pence per share and a convertible loan, which together represented a $190 million valuation for the company. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
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