Edison Investment Research Publishes Report on Afferro Mining

Edison writes about Afferro Mining

, “Afferro has released its third NI 43-101 compliant resource estimate at its 100%-owned Nkout iron ore project. The overall resource base was increased by 41% to 2.0bn tonnes, with the potential DSO tonnage rising 70% to 19mt. As the drilling continues, we would not rule out further increases in the high-grade DSO resource in the near future. The company also plans to release its infrastructure scoping study for Nkout shortly, which should be another step towards the project's value crystalisation.” AFF closed yesterday at $20.96.