Released during January 2010, meaning that much has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio Sign up at caesarsreport.com to receive all reports and alerts live, free of charge.
Price C$ 0.66
Avg. Volume 20,200
Market Cap C$ 115.9M
Sector Mining (Fe)
Countries Active Australia
Cash A$ 12.4M
52 Week Low: C$ 0.140 (12/26/2008)
52 Week High: C$ 0.840 (10/26/2009)
FerrAus Limited is an emerging developer of iron ore in the East Pilbara region of Western Australia. As an emerging developer, it has a wholly owned, strategic foothold in the under-explored, highly prospective new iron ore sub-province East Pilbara region of Western
Australia, encompassing more than 540 square kilometres with a potential strike length of 20-30 kilometres. Within this strategic holding, FerrAus is fast tracking development of its Robertson Range iron ore project, which has a current resource of 52.3 million tonnes at 59.0 per cent Fe, to produce low-cost, direct-shipping hematite. FerrAus is simultaneously exploring for similar style Marra Mamba as well as Brockman-type iron ore deposits on its adjacent Davidson Creek Project, which has identified current resources of 114.2 million tonnes at 58.4 per cent Fe.
The company currently owns two other exploration projects in Western Australia: - the Enachedong Project (manganese) located in the East Pilbara near the operating Woodie Woodie Mine; and - the Silver Swan North Project (nickel and gold) located approximately 45 kilometres northwest of Kalgoorlie.
Positive / Negative
Positive: Big (Chinese) Shareholders, keen on Iron Ore, nice project.
Negative: Still needs access to a railroad to be able to ship ore to a port.
Main catalyst for 2010
- Access to railway
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Disclosure: We hold a Long position in FerrAus Limited, this means we are biased, so please do your own research. Educational use only, not intended as advice.