Hi journeyman.
They have previously spoken of doing more drilling, environmental study, doing feasibility studies and getting mining permits etc. They would have to spend a fair bit of cash on doing those things.
If they sold out now, they would not get anywhere near what they could get by having all permits approved and only issuing expected iron ore in the ground.
If they carried on and spent cash on doing the work needed to prove up the resource, the SDL issue of funding and funding for infrastructure and port in Cameroon should be beyond doubt.
Big if's I know. This area though has been compared to The Pilbara but with all projects having very high grade iron or in the way of DSO and Itabirite Pellet Feed and Concentrate.
Only my opinion. Not saying you are wrong.
Regards
Westcott.
Hi journeyman. They have previously spoken of doing more...
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