MBM 3.33% 3.1¢ mobecom limited

1 - 2 billion tonne of dso haematite for $140m, page-35

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    "....The Youkou deposit is located 9 miles north-east of the village Edjiandja in Kelle district, this field was formerly operated by Indigenous miners but abandoned mines are now covered by vegetation. In addition to the portion formerly exploited, one can follow the red haematite for about 1 km along the crest of the itabirite cliff. (N. CHOCHINE 1950)..."

    There is iron in them there hills....just a question of grade and extent of haematite mineralisation as DSO is clearly the more attractive option than processing.
 
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