A while ago, I was quite bullish about African Minerals (OTCPK:AMLZF), which is currently in production at its Tonkolili iron ore project in Sierra Leone, Africa. Even though everything is going according to plan on the operational side of things, the company's share price has come under pressure when the price of iron ore started to slide from $135/t to just $98/t which caused the operating margins from a lot of producers to crumble. This article is meant to revisit African Minerals (which I thought could survive any downturn) to discuss the value of the company and Tonkolili using an updated iron ore price.
(click to enlarge)
Source: company presentation
As trading in African Minerals on the...
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