Spovend, The contract signed with Sino Iron is only for the first billion ton project worth $1.12 Billion usd. They are still flat out drilling to prove up the second billion ton for Balmoral Iron where another contract worth $1 Billion usd will be let to i assume MCC. You would therefore think that MCC would be in a pretty good position to use economies of scale to be able to build the infrastructure required by ARH which has a projected cost of $2.6 Billion aud as per there MOU. Reading between the lines the delay in ARH relisting is to do With Citic committing to their project which includes building the Cape Preston port facility. In the last three weeks Citic has announced full finance for the 25 year term of their project and now let contracts to MCC for the infrastructure which been confirmed by news articles from both parties and announcements to the Hong Kong stock exchange. Without these things in place MCC and ARH would not have been in a position to sign any contracts or in fact sign any deals with other parties relating to offtake aggreements.
ARH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
