Ann: Placement to Raise $100 Million, page-34

Some of you need to appreciate that getting any significant project up and running Cameroon may not happen, anytime soon.

Whilst Oakajee has it's barriers with lack of infrastructure, so does Mbalam, along with significant risk from terror groups and kidnappings, etc.

The Cameroon Gov't is caught up in fighting Islamic terrorists to the NW and East (not near Mbalam) as well as an anti-Gov't campaign.
Just in case you're wondering why renewing the Mbalam Convention is probably way down the list of priorities.
If you were a Gov't official, you'd be more concerned about staying in office, or simply staying alive.

To get a feel of what is going on over there, scroll down 12 months worth of News here;
https://www.bbc.com/news/topics/clm1wxp5p5jt/cameroon

Crossing your fingers isn't going to achieve much, IMHO.

If some juicy billion dollar project were to happen in the South (Mbalam), then that would be a honeypot to bees for kidnappings and ransoms. Any facility would want to be heavy fortified, not to mention the potential for train and truck hijackings.
Potentially, a difficult to reconcile nightmare.

This translation of an article in Investir Au Cameroon on 12-Nov-2020 is also worth a read;

https://translate.google.com/translate?hl=&sl=fr&tl=en&u=https%3A%2F%2Fwww.investiraucameroun.com%2Fmines%2F1211-15547-sundance-resilie-son-contrat-avec-le-chinois-austsino-et-plonge-davantage-le-projet-minier-de-mbalam-dans-l-impasse

Desperation is all the more permissible that with the termination of its agreement with AustSino, Sundance is getting closer to its delisting from ASX, the Australian stock exchange based in Sydney. This threatens to remove Sundance Resources from its list of listed companies if the junior mining company does not resume its activities by December 2, 2020. This delisting would be a very bad signal for investors who may still be interested. by the Mbalam-Nabeba project, which does not already seem to have many people running.

Despite the rich deposit, there doesn't appear to be any other parties interested in the Mbalam region right now either.

Perhaps Oakajee is a safer bet, without the bullets and unquantifiable corruption?

Food for thought to rain on your parade.