Oct 25th 2012 - Edison Investment Research today published a report on Afferro Mining Inc (AFF.L, LSE:AFF, LON:AFF) entitled "Encouraging Drilling Results". In summary, the report says:
Afferro released encouraging initial drilling results from its Ntem and Ngoa iron ore projects in Cameroon. Both exploration campaigns delivered multiple high-grade intercepts. While Ngoa should prove to be a valuable satellite resource supporting the operational scalability of the company’s flagship Nkout project, Ntem could be a robust project in itself benefiting from the favourable location and potential for high-quality resource. The company plans a second drill programme at Ntem supported by an infrastructure scoping study to evaluate the haulage option for early cash flow.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »