West African Iron Ore Corp. / "Republic of Guinea"

Allein dieses Zitat von der Homepage reicht mir persönlich schon für einen ersten Eindruck:

"Infrastructure is the key to economic viability of an iron deposit. This project is very close to a proposed port, with a rail line planned to cross the property. In fact, the project is so close to potential port facilities that they are considering their own dedicated transport system. The very favorable location relative to the port (?) adds substantial value to this project"


Da gibt es Moment sicher bessere Eisenerzexplorer

Meine Meinung

Es gibt allgmein bessere Möglichkeiten im Moment. Aber Potential wäre schon vorhanden...

Antwort auf Beitrag Nr.: 42.155.000 von Ahorne am 30.09.11 12:25:50

Die angenommene Resourcenphantasie scheint mir schon berechtigt.

KÖNNTE denke ich mal n Mega sized-Deposit werden. Wie es dann unter dem Strich/in der Gesamtbetrachtung(v.a. was die Situation des Landes, Minenreformen, sowie die weiteren Rahmenbedingungen) aussieht, kann ich aber nicht einschätzen. Rein von der Resourcenphantasie würde ich schätzen, dass -wenn sie es "durchexplorieren"- hier "wahrscheinlich eine der nächsten Neuentdeckungen "im Umfang paar Milliarden Tonnen" ansteht"(die Basis Derer angegebenen alten Daten spricht m.A.n. einfach dafür). Winston's Growth Stock Report covert die soweit ich weiss.

Gruß
P.

Antwort auf Beitrag Nr.: 42.159.376 von Popeye82 am 01.10.11 20:38:11

"West African Iron Ore Update (WAI, TSXV)

In conversations I have had with seasoned stock investment pros over the last few weeks, the common theme of the discussion is that “I’ve never seen the market so bad.”

When it comes to my specialty, small cap mining venture stocks, I must agree.

However, this isn’t all doom and gloom. As the well known Chinese saying goes, “Crisis = Danger and Opportunity.”

The world’s economic crisis is well documented in the news every week as are the associated dangers. So rather than dwell on the obvious, let’s instead look at the opportunity.

First let’s recap the general state of the small cap venture market. It is obvious that the speculative premium given to most junior mining stocks is zero. In a good market, investors will bid up the price of stocks as they see the potential of that company making a discovery or building a mine. Not so today.

The vast majority of junior stocks are trading well below their initial private placement financing prices. In fact many are trading like shell companies – those with no projects at all – trading for pennies with no value given to the multi millions those projects may have received in exploration and development. And therein is the opportunity.

We have a number of great junior companies we are following that have enormous potential but are getting zero respect in the market.

I’ve been saying for years that the objective on Winston’s Growth Stock Report is to find stocks with triple digit return potential. Today, I am looking at the price of some of these stocks and thinking, wow – there’s potential for getting 10 baggers here. That’s 10 times your money in return.

My strategy is the same as always. The criteria is to find stocks with a high potential mining property, excellent management, and the financing in place to get the project to actual production or at least to the stage where the project can be sold off to a blue chip company.

Today I see a great bottom fishing opportunity with one such company that we’ve been following since May - West African Iron Ore (WAI:TSX.V). Now trading at around 10 cents the upside potential is enormous.


Summary

WAI is an early stage iron ore exploration company working in Guinea, West Africa. This is an area of the world where iron ore mining will become a major contributor to that country’s GDP. Three blue chip mining companies are operating there including Rio Tinto, who is developing not only a mine but a rail line which will run across WAI’s property.

Historical data suggests that WAI could be sitting on a sizable deposit. Their lead Forécariah Project has been given a projected deposit size of between 2.9 – 5.1 billion tonnes. The plan now is to verify that they do indeed have an economic deposit. To that end, they are now awaiting the results of their Phase I drilling program. Sometime this fall about 50 drill holes in all will be completed leading the way for their first compliant inferred resource estimate.

So far the results of the Phase I drilling are limited to just three holes from the Sambalama prospect, one of which crumpled into powder so its core couldn’t be analysed. The other two holes looked promising.

Two key observations can be drawn from these two holes. One is that they are very high grade and two, they are close to surface. Hole SAM002 started at just 2.28 meters from surface and returned 11.47 m grading 63.18% Fe. Hole SAM003 started right from surface and returned 8.20 m grading 68.65% Fe.

Being close to surface means mining costs are extremely low; a backhoe could easily extract the ore. The grading of the ore from these two holes is so high that it would be classified as DSO or Direct Shipping Ore that could be sold to the end user without further processing.

That’s a decent start. The mineralized strike length at Sambalama would suggest perhaps 800 meters at this point however more infill drilling will be needed to confirm the continuity of the strike.

The Phase I drilling plan included 17 diamond drill holes totalling 5100 meters and 34 Reverse Circulation drill holes covering 10,200 m. It’s these RC holes that should be most interesting as the diamond holes, as in SAM001, had trouble attaining an intact core sample to analyze.

A Phase II program will be initiated based on Phase I results with a planned budget of $10 M, estimated to be completed by April of 2012.


China

As I mentioned in my initial report, China is the driving force behind world’s iron ore demand which is estimated to be growing by 10% per year. China, the world’s largest iron ore consumer, imported 618 million tons of iron ore last year, and most of that was supplied by global miners BHP Billiton, Rio Tinto and Vale, all of whom operate in Guinea.

Beijing has indicated they want to secure their iron ore sources themselves by investing in mining projects like those found in West Africa, where they have established some deals already. Their deals in West Africa could produce nearly 250 million tons of ore annually in the medium- to long-term.

The Chinese government has stated they have a goal of being self sufficient in iron ore by 2015 which seems like an improbable timeline, however it does speak volumes about their intention to acquire projects.

This is where the expertise of WAI’s CEO, Guy Duport, comes into play. As I stated in my earlier report, “Guy is a rather unique individual having a Masters degree in European commercial law, is a member of the Society for Mining Metallurgy and Exploration in Colorado, has consulting offices in Hong Kong and Beijing where he is fluent in Chinese, and has close political ties with the leaders in Guinea. You would be hard pressed to find a more perfect man to run an up and coming iron ore company in Guinea where the ultimate buyers are likely Chinese.”


Infrastructure

The Forécariah property is just 90 Km east of the capital city of Conakry and has good road access. Rio Tinto is currently developing a mine in Guinea with a proposed rail line which crosses over the Forécariah project. Guy Duport hypothesized that WAI could perhaps hook in to that rail line which would be a huge coup for the company. However the close location to the shore provides the opportunity for a belt system to be used to transport the ore to a deep water port.

As an interesting aside, and to demonstrate China’s eagerness for iron ore, last year the Chinese announced they would invest US$2.7 billion in a 286 km railway and in port facilities in return for 100% off take of Bellzone Mining’s (BZM, LSE) ore. Again, a deal with the Chinese to piggy back their rail and port facilities are ideas which Duport is considering. This is where his language and Asian business presence comes into play.

According to a Bellzone press release dated July 4th, 2011 “Route of the first 74km of the railway from the proposed port of Matakan to Moussaya has been agreed in principle with the Government.”

The Matakang Deep Sea Port is 40 km from WAI’s main targets such as Sambalama and Kalyadi.


Conclusion

With WAI trading at around 10 cents, it represents a good bottom fishing opportunity. The company is trading close to cash value where they will have $ 6-7 million in the bank once the Phase I drill program is complete.

The true potential of this stock won’t be clear until a 43-101 resource calculation is completed. We can expect to see an initial 43-101 out by late Q4 or early Q1.

Over the coming months, if the drilling proves WAI has an economic deposit, the possibility of a buyout by the Chinese would be realistic. Since the Chinese already have a high interest in buying iron ore projects and are already active in Guinea, the potential for a 10 bagger seems very possible.

This project has phenomenal infrastructure, very close to the port and rail, which makes the economics of high grade DSO surface iron ore deposit very attractive.

Accumulate as a possible 10 bagger. "

Antwort auf Beitrag Nr.: 42.159.385 von Popeye82 am 01.10.11 20:52:54Danke, hochinteressant...

Antwort auf Beitrag Nr.: 42.155.000 von Ahorne am 30.09.11 12:25:50Sorry. Danke Dir natuerlich auch fuer die Threaderoeffnung...

Antwort auf Beitrag Nr.: 42.160.337 von ooy am 02.10.11 16:57:26Kein Problem Popeye82 hat ja auch schon gute Info geliefert.

Was ich nicht ganz verstehe:

Das Projekt Forécariah besteht derzeit auf zwei Teilgebieten:

A total of 15 diamond drill holes have now been completed on its extensive iron ore concessions in Guinea. Of these, 5 holes totalling 1224.5m were completed at Kalyadi, and 10 holes totalling 1661.0m at Sambalama. A total of 19 RC drill holes (totalling 2279 m) have been completed at Sambalama.

SMA = Sambalam sehen die Resulate ermutigend aus:

http://westafricanironore.com/wp-content/themes/waitheme/pdf…

KAM = Kalyadi wurde bei 3 Bohrlöcher keine Wirtschaftlichkeit festgestellt... Heisst das jetzt das bei KAL gar nichts gefunden wird oder verstehe ich da was falsch???

At Kalyadi the diamond drill holes KAL001, KAL002 and KAL003 were drilled as part of the ongoing investigation of possible infrastructure routes across WAI’s property that would link to the proposed new deep-water port at Matakang. These holes have confirmed that mineralisation is limited in this area of the property and of little potential economic interest.

The field analysis of all RC samples as part of the logging process has commenced using Niton XRF analysers and these results will be used to guide the selection of intervals to be sent to SGS for complete chemical assay. Half core samples for all remaining diamond holes have been sent to SGS in Johannesburg and WAI is awaiting results.

Detailed surface mapping along closely spaced sections has started at Kalyadi and Sambalama where Fugro has been contracted to conduct ground gravity surveys later in the year when ground conditions permit to assist in the identification of further drill targets on these prospects.

Antwort auf Beitrag Nr.: 42.160.513 von Ahorne am 02.10.11 19:34:18Das sieht so aus, Kalayadi scheint unwirtschaftlich zu sein, es ist ein sehr riskanter Fruehexplorer, ich muss mich da aber auch noch intensiv einlesen, Bellzone scheint mir in dem Bereich aber wesentlich aussichtsreicher...