I am unsure if this has been circulated. My apologies if it has - there has been much discussed lately and I have somewhat loss track.
www.businessincameroon.com/pdf/BC16.pdf
Pages 12 - 15
I especially like the bold text "The Mbalam project will therefore be reliable even if global iron prices plummet to 90 or 80 dollars a tonne. This reassures lenders. The State’s revenue will vary depending global prices (as is the case for all natural resources).”
SDL Price at posting:
9.2¢ Sentiment: None Disclosure: Held
