Now the focus of the drilling of program last year was the Youkou project in the Republic of Congo. I believe early exploration found a number of 60-62% Fe Grabs sprinkled over the tenement which prompted the drilling .... From memory they have at least 1 hole that intersected decent widths of 60%+ fe... But the majority were lower grade itabirite Fe 40-50% Fe ... They are definitely in the right neighborhood though with a number of world class deposits around.
Infrastructure wise they are not that far away from Rail options according to the map below Within the general vicinity of SDL's Mbalam/Nabeba and also of the large Belinga Deposit.
Also they can run cheaply as they have their own drilling rigs.
Closest rail looks to be Mekambo to me.
MBM Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
