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Why would anybody base a decision to spend billions on...

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wingedwarrior

6,728 Posts.

1401

16/02/17

21:28

Post #: 22682807
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Originally posted by serena ↑

Do you know where is Matt747?

Are you suggesting that Chinese government bank actually owns around 20 per cent of SDL via Hanlong?

If this is correct, it is great news since Chinese state-owned bank was the source of financing for the port and rail project https://www.businessnews.com.au/article/Cameroon-seeks-Chinese-help-at-Sundance-project. I am not mistaken, Chinese state-owned bank delayed the financing due to the fall of iron price to only $40.

Presently, the iron price is sitting around $90. This suggests that the financing for the port and rail may be resurrected again.

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Why would anybody base a decision to spend billions on infrastructure & Fe mine that will take years on the latest FE price? By the time the project is producing, the Fe price could be super low again anyway - so there's more to the equation than the current SP price surely?

SDL Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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