China Bans Scrap Import by 2020, page-18

Malgmac

Your question/point is totally valid.... however the one "ace" that SDL has is the Congo rights that I understand are still SDL's and valid!
With the amount of capital required for the port and rail infrastructure, together with the mine development my understanding is the project does not stack up at all if it is just the Cameroon component. Much of the quality iron ore (greater portion I think) is in the Congo.

This is virtually the only think that keeps my hope positive and keeps me feeling sometime somewhere a deal will be done.

It could still all fall to pieces, the Cameroon and Congo governments (either or both) could go rouge and as you rightly note in the courts of Cameron, Congo or for that matter China... well SDL would not have a leg to stand on!

I stay positive knowing SDL has locked in the Congo... if that was not the case in my view this company would be done and dusted already!!