Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Afferro Mining CEO Says Partnership Talks Making "Excellent Progress"

Luis da Silva CEO Afferro Mining (LON:AFF TSX:AFF) says that ideally it would be good to be able to bring in a strategic partner at the start of the PFS, which the company hopes to be able to begin in February 2013. Luis also says that the iron ore landscape changed has while a lot of companies will struggle at the current ore price, Afferro, which is able to deliver at less than $40 per ton to port is able to make it work.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.