SPH own 100% of Lebtheinia's 2.3 BillionT of iron ore!!!
Transport infrastructure to port is already in place using the government's railway(SNIM).
This second major proven resource for SPH will be a tremendous source of future dividends for the long term holder.
Bought some more today. Not often a world class resource is available at these prices....tiny market cap for such enormous assets.
Quote from last nights JORC announcement:
“It has the competitive advantages of proximity to the existing iron ore rail and port infrastructure, large scale and long life resources and apparent low strip ratio. With development of the offshore gasfields in Mauritania under evaluation, Lebtheinia has the potential to be a low cost supplier of BF pellets to the seaborne iron ore market.”
SPH Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held