Ann: Cape Lambert Finalises Marampa Infrastructur, page-2

re: Ann: Cape Lambert Finalises Marampa Infra... It only took 3.5 years from binding term sheet (16th July 2010) to agreement (24 Dec 2013).
Even on 26th Sept Sept 2013 they said in ASX Ann "Infrastructure agreement to be finalised within 2 weeks"

This is getting to be a bore, when will anything really happen?

Sorry I used to be optimistic re CFE but it has been a long time between celebratory drinks.

Merry Christmas everyone


ASX Ann 16 July 2010

CAPE LAMBERT SIGNS BINDING TERM SHEET FOR ACCESS
AND OWNERSHIP OF MARAMPA INFRASTRUCTURE
Key Points:
? Binding term sheet signed with African Minerals formalising
ownership and access rights to Marampa railway and Pepel Port
(“Marampa Infrastructure”) in Sierra Leone, West Africa,
? Refurbished railway will have capacity to transport approximately
10 Mtpa, with commensurate port stockpiling, berthing and ship
loading facilities,
? Cape Lambert to have initial rights to 2 Mtpa throughput from 2011,
and has been granted an option by African Minerals to match any
third party offer to acquire its stake in Marampa Infrastructure, and


24 Dec 2013
Cape Lambert finalises Marampa Infrastructure Agreement
Highlights:
- Cape Lambert Resources Limited finalises binding agreement with African Minerals Limited for Marampa infrastructure access;
- Agreement grants Marampa access rights to transport and export 2Mwtpa of iron concentrate via existing Pepel rail and port infrastructure;