Afferro Mining Inc AFRIF

Alderon(ADV) interested in AFF

[franciso1]

They have 150 millions in bank account and AFF approx 90 millions

About Alderon
It is Chineese indirectly
They have a JV with alderon for 25% project
20% of Alderon shares(20% X 75% is another 20%)
And a reduction on iron market price of 5%
This give them a global return of 50% profit
Add to that a 15$ rate for railway and the % they have in AFF if Imic is Chineese
Alderon CEO is an ex Rio Tinto enployee
They seem to have a very experienced board with experience in a magnetite project
And they simply can adapt the studies by their professional teams like Worsley Parson etc....
If they merge with AFF
Would be good to have a similar deal for JV with POsco for Ntem and with Chineese for Ako and Nkout
And they are listed at New York plus Toronto and add Europe if merger
Should be a very good international company with liquidity
Altius have 25% in Alderon
https://altiusminerals.com/people
Altius seems to have a good team also
Chineese co is the biggest in China they must have an excellent team