Easy answer
@wotit’s worth 0, nothing, na nah.
However that said .....it could be worth billions. Just need someone with a great business acumen, and ability to structure and deliver a large deal, which unfortunately Giulio has proven over the last 10 years he has none of these attributes.
As I understand.......Mbalam is 10 years of direct shipping ore @ 62% fe @ 35 million tonnes per annum.
Upon depletion of the cap, benification with Congo ore will deliver pellet feed @ 62% fe +.
