sundance deal down but not out, page-34

I think we are being robbed because I dont know how Sundance hasnt considered sharing the cost of the Rail and Port Infrastructure with the 4 other major players all expecting to use it. The 4 other deposits beside Sundance's are Nkout(Afferro Mining) , Avima (Core mining and Glencore), Badondo (Equatorial Resources EQX) and Belinga (Chinese owned CMEC) . The total DSO resource of all these prospects is somewhere around 3-4B tonnes hematite-rich, 10-20 B tonnes BIF-rich (itabirite).

If you go to Afferro mining website www.afferro-mining.com/s/Nkout.asp you will see the map with all these projects sharing the same rail line to be paid by Sundance Resources.

Also from todays release from Equatorial Resources EQX it highlights the regions prospects. The cost of the infrastructure if shared would be a non issue considering the total amount of ore.

http://imagesignal.comsec.com.au/asxdata/20111201/pdf/01248471.pdf

REGIONAL INFRASTRUCTURE DEVELOPMENT
The Badondo Iron Project is located within a regional cluster of large scale iron ore exploration projects (refer
Figure 5) in the north west of the Republic of Congo including:
? Nabeba (Sundance Resources): 80km north-east
? Mbarga (Sundance Resources): 100km north-east
? Avima (Core Mining): Immediately North
? Belinga (CMEC): Immediately South
These projects are all hosted within what is regionally known as the Haut Ivindo terrain and display very similar
geological profiles whereby weathered, enriched hematite caps overlay extensive magnetite banded iron
formations (BIF). Significant quantities of high grade DSO iron mineralisation have recently been defined within the
hematite caps of these regional projects attracting investment from major mining companies.

The development of regional transport infrastructure has the potential to unlock the massive iron deposits of the
region and provide access to world markets. Significant recent developments in the region include:
? In October 2011, Sundance Resources Limited (“Sundance” ASX: SDL) received a revised conditional
cash offer from the Hanlong Group, valuing Sundance at $1.65Bn. This followed previous agreements with
China Rail and China Harbour Engineering Company in relation to the proposed port and rail solutions
needed to support their Mbalam Project in the Cameroon and Republic of Congo.
? In November 2011 Core Mining Ltd published its maiden Global Inferred Mineral Resource Estimate at its
Avima Project of 1,012Mt of iron material in two domains at a zero % Fe cut off:
o 455Mt @ 56.12% Fe in a hematite-rich domain
o 557Mt @ 40.29% Fe in a BIF-rich (itabirite) domain
? In April 2011, Core Mining announced that Glencore International AG had made an investment in the
company and would act as marketing agent for Core Mining’s initial iron ore volumes.

? In July 2010 CMEC, a major international Chinese government-owned corporation, signed an agreement
with the Gabon government to develop a 30 million tonne per anum iron ore mine at Belinga along with a
commitment to build supporting rail and port infrastructure.

The recent investments made by major mining houses provide Equatorial with increased confidence in project
development and the future construction of transport infrastructure in the region. These developments provide the opportunity for exploration success at Badondo to generate significant value for shareholders.