Kogi operation is going to be highly successful, until others mining operations jump on board with the same concept.
For longevity Kogi either buy out the most prospective competition now within Nigeria, or they possible set up a second iron ore mine but in a another African country. I think there maybe other African countries with similar high grade iron ore known reserves who cant make the selling of buaxite to the international mkt feasible.
This iron feed concept may be a game changer for other developing African countries as well.
Also the diversity reduces risk from a lenders point of view.
My thought only, but my understanding is there is only one other iron feed operation of spounge iron and thats in the middle east. One of those ...stan countries.
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