evaluation-connections and prospects., page-8

Hi (andres)

Unfortunately I don't have a large holding,in fact small.
I wish I could afford a lot more shares.

In reply to the post that was moderated.

I have been made aware of Gordon Toll.

My main point about Ferrous Resources was to do with a private company raising over $1 billion.
Having 4 projects to drill and prove more resources are in place with just short of 3 billion tonnes of Itabirite.


SDL have over 2.3 billion tonnes at a higher grade and from one mine pit.That resource is only from an area of the pit that meets JORC standards of drill spacing and not the full 400 meter pit depth.SDL pit at Mbarga is still open at depth at 600 meters deep for Itabirite.DSO is also in SDL's favour at Mbarga.

Ferrous being able to then raise a lot more cash for the projects,acquire a lot more tenements.
Building their own port,slurry pipe lines,steel plant,concentrate plants and buy their own laboratory.

They also have attracted the Indian State owned miner NMDC to take a 50% share and put in more cash in billions of dollars.Then looking to list on the London Stock exchange with a value of $3.2 billion.

Ferrous Resources taking a 20% share and loaning Core Mining $10 million would be for a very good reason.Ferrous Resources projects are all in Brazil.Why would they get involved with a small non-listed company in The Republic of The Congo?

DSO and Itabirite.
Ferrous Resources and NMDC will have a foot hold in an area that is looking to be another Brazil or Pilbara iron ore province,Congo,Gabon and Cameroon.
There will be a rail and port system in place for them to be able to use.More then likely concentrate,pellet feed plants and possibly a steel mill.Will cost them to use them but will be a hell of a lot cheaper then building their own.

The same goes for the likes of Belinga,Boka Boka,Badondo,African Aura and others.

That is why SDL want to own as much of the infrastructure as possible.

Regards
Westcott.