Core Mining's asset (Avima) is significantly better than Mbalam.
Closer to the coast, bigger, one deposit, and higher grade.
And effectively for sale at $300 million.
Why do you think there was an article in the Australian?
Avima (Core), Badondo (Equatorial), and Belinga (CMEC) are the jewels of the region for iron ore. A major could put them all together and do 100MTPA for 50 years.
I am sorry fellas but Mbalam is the equivalent of the Mid West in WA....
"Out for lunch .... Come back in 10 years"
or maybe make that 20.
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