IKW - Ikwezi Mining - Aussie Stock Forums

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  1. #1

    Post IKW - Ikwezi Mining

    Ikwezi Mining Limited (IKW) is focused on advancing the development of three coal projects in the KwaZulu Natal and Limpopo regions of South Africa.

    The Company holds Prospecting Rights and majority interests in these Projects, the most advanced of these being the 70% held Newcastle Project with a JORC compliant resource of 209 million tons of coal. Ikwezi Mining have applied for a mining right for this Project which is expected to be determined in October 2011. The Company hopes to commence development of this Project in the fourth quarter of 2011 subject to the granting of this right and associated authorisations including the finalisation of their geological studies, development and environmental management plans. The two other earlier stage exploration Projects are the 60% owned Newcastle Phase 2 and Acorn Projects.


  2. #2
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: IKW - Ikwezi Mining

    MC - $15m
    SP - 8.9c
    Shares - 168m quoted (338m total)
    Options - NQ
    Cash - $12m

    Again, a strong MC:Cash ratio makes further investigation impossible to ignore.

    IKW is assessing operations with coal prices coming of the boil recently. There is alot of information worth reading in the latest quarterly.
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  3. #3
    Mod: Call me Dendrobranchiata prawn_86's Avatar
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    May 2007
    Los Angeles
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    Default Re: IKW - Ikwezi Mining

    Cheers SH.

    I am also starting to look for co's with MC very close to cash backing and projects that will come on board soon, or have exploration results and/or possible asset sales coming up.

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