FFX (ASX) Ann: AGM Presentation

Originally posted by growthvest ↑

Some news on our transport issues:

The scoping study uses the road from our mine to Fekessedougou via Bougouni (yellow line) and the railway from Ferkessedougou to Abidjan (red lines).

View attachment 855353

-There are 6 new locomotives operating and an infrastructure upgrade starts Q1/2018
https://news.abidjan.net/h/623649.html

-A dry port in Ferkessedougou (blue sqare) will be built till 2020 (allows us to combine border and export clearance)
http://www.challengesradiotv.com/ec...e-ferkaessaedougou-nord-cote-d039ivoire-3408/

-The ECOWAS (economic community of west African states) prioritized a project to connect Bamako with a railway to Ouangolodougou (near Ferkessedougou; green line) via Bougouni and Sikasso (Sisako mistake in the BGS map)
http://ecowas-events.ecowas.int/cdp-conference/wp-content/uploads/2016/06/Projects-English.pdf

Starting the construction in Ouangolodougou they will soon reach Sikasso and Bougouni which will reduce the distance to be driven by trucks

-The project will be promoted at the Invest in Mali-forum (which I think we should attend??)
http://www.foruminvestmali.com/fr/p...res-de-bamako-bougouni-sikasso-ouangolodougou

-The railway from Bamako to the Abidjan-Port-Railway is also part of Guineas 5-year plan. For this plan they just collected 20 mrd USD from private investors, the EU, the islamic development bank and others.
http://www.lavoixdunord.fr/266968/a...ee-leve-20-milliards-de-dollars-d-engagements

-Another important project for our transportation issues is the dry port of Sikasso (blue square). It is also promoted on the Invest in Mali-forum. It would have the same advantages like the dry port in Ferkessedougou
http://www.foruminvestmali.com/fr/projets/ports-secs-de-kayes-et-sikasso

Investor and operator for all of these projects might be Bollore. They run the Abidjan-Port-Railway and are introduced in the scoping study. They are hotly tipped as investors for the Sikasso dry port as they have a logistic center there and already run the Bamako dry port.
http://www.bollore-ports.com/activites-portuaires/ports-secs.html

The forum on the 7th and 8th December might change the transport situation. There is much money to support west African infrastructure from the EU and developement banks.

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TOP Quality Post... Thanks for sharing information. It's definitely time to buy more BGS shares. What a great future...

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Ann: AGM Presentation, page-39

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