Boydie Our nickel industry has been wiped out by Indonesia - Africa will do likewise with copper -oceans of 4% Cu - and Guinea will do similarly with iron ore for all but the majors in the Pilbara. The Sage related entities were active in West Africa in a different time frame and a different set of circumstances. RIO and the Winning Consortium are spending $40 billion - the Guinean rail and port is half built and will be shipping in '25. AMD are drilling Simandou North -just raised another $10 million and I have nailed down potentially billions of tonnes of iron ore. HPX -Friedland is spending up to $5 billion on a new multi- user rail from Nimba to a new port in Liberia -they have about 1 billion tonnes much of which 65 %Fe +. And Arcelor Mittal are back in business mining and exporting through Buchanan in Liberia from their mine near the Guinea border.
GEN has just raised $23 million to kick start their mine in **on and that is only 45 % Fe but beneficiates to 65 % Fe and has offtakes with the Chinese. Can we raise $23 million - We could raise $50 million at a premium if we embraced the Guinea opportunity.
I hope and pray that CUF listen to what I am trying to convey - as they admit no one wants to build new mines in WA because of the difficulties - time therefore to grasp the nettle and move into Africa or be left stagnating as another part of our mining industry is decimated due to structural changes in the commodity landscape.
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