We have published a new cookie policy. It explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our cookie policy.
Please be aware that parts of the site will not function correctly if you disable cookies.
By closing this message, you consent to our use of cookies on this device in accordance with our cookie policy unless you have disabled them.
Afferro Mining Inc. is an iron ore exploration and development company listed on TSX-V and AIM, with just under 1,000km2 of exploration permits in the south of Cameroon, all along proposed infrastructure in a rapidly developing iron ore district. The management has a strong track record in the discovery and development of commercial...
Afferro Mining Inc. is an iron ore exploration and development company listed on TSX-V and AIM, with just under 1,000km2 of exploration permits in the south of Cameroon, all along proposed infrastructure in a rapidly developing iron ore district. The management has a strong track record in the discovery and development of commercial deposits.
The flagship project is Nkout. With a large resource already defined, feasibility work points to a strong, economically-viable project. There is also the potential for early cash flow from a small operation at Ntem, which is strategically located close to the Kribi deep water port and the Kribi gas-fired power station.
Afferro is fully-funded to explore and develop its assets for a number of years with a strong balance sheet
Afferro Mining CEO says company is fully-financed for development beyond 2013
March 19 2012, 11:37am
Luis da Silva, CEO of Afferro Mining (LON:AFF), tells Proactiveinvestors that the company is in the great position in that it has funds for development beyond 2013. Luis also says the investment case is clear that, with shares at the current levels, the stock is trading at cash and that means that "everything else is free".
No investment advice
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.
You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.
From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
