Afferro Mining Inc AFRIF

Feb. presentation AFF

[franciso1]

New presentation AFF

Probably the futur biggest iron mine in the world IMO

https://www.afferro-mining.com/i/pdf/presentations/AFFERRO_February_20130213.pdf

[LTGoldBull]

franciso1, "Probably the futur biggest iron mine in the world IMO" Maybe the biggest,...how about the cheapest today for NAV? NAV for Nkout $4.6B Afferro MCap at SP $1.20 is $126M less $90M Cash on the balance sheet leaves$36M for all their Iron Ore properties. Assume we only have Nkout, already with a PEA, todays valuation would be 0.0078% of Net Asset Value ($4.6B) Yes, less than

[Probability]

By cheapest you mean the highest profit margin ?

[LTGoldBull]

"By cheapest you mean the highest profit margin ?" Could be that too, considering possible direct shipping of ore. I mean, MCap less Cash, the value of only the Nkout Property is less than 1% of NAV (0.0078%) Cheap, now add in the additional properties! Real Cheap. Analyst  Alison Turner, Panmure Capital, has fair value price target 279p (C$3.21 at conversion $1.53) Cheers, Mark

[LTGoldBull]

"Analyst Alison Turner, Panmure Capital, has fair value price target 279p (C$3.21 at conversion $1.53)   Sorry, bad math,...C$4.21 Cheers, Mark