ANS austsino resources group limited

Mbalam-Kribi railway: Minfi signs the budget sustainability opinion, page-7

  1. 721 Posts.
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    I just read the Bougna article again where it describes the Minister of Finance's personal seal of endorsement a decisive move in the progress of the project. They aren't mincing words.

    This step is the single most pivotal element to enable project lift-off and it was never in doubt IMO given the project is underpinned by world class ore bodies of mine life lasting multiple decades, high grade, low impurities, low production cost and of huge economy of scale when Mbalam Nabeba is synergized with the Sangha cluster as well as the other deposits along the rail corridor.

    Older literature on Sundance Iron mention the Mbalam Nabeba and surrounding resources are the very last remaining tier one iron ore resources left in the world that isn't already owned by a major western mining company.

    Cameroon and Congo now finally develop the new El Dorado for enormous economic benefits when their economies most need it as all the ducks line up due to unforeseen geopolitics and resource risks in an increasingly uncertain world. Not unlike the confluence of numerous events for the birth of a star. LOL



 
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