ANS for sale, page-137

Good points. No doubt there is huge commercial value of the massive long life assets (open at depth and along strike is the norm of all those resource/reserve definitions across those deposits).

And then there is the strategic value to China which is infinitely more valuable as a geopolitical risk management hedge against future iron ore supply shocks.

Even more critical to China (must be in panic mode again as IO price runs amock once more) is the Sangha cluster and other deposits along the infrastructure corridor can potentially flood the market with 200 million tons per annum of supply to suppress the seaborne IO price.

This is where many hundreds of $US billions MORE will be saved (revenue to the likes of BHP, Rio, FMG, Vale) if IO price fall back to $50-$60.

Refer to the AFR and SCMP links I posted a while back, in just one month alone last August, China spent a whopping $20 billion on IO imports. LOL

Our project is extremely strategic and must start SOON as China is still shell shocked after the coup d'etat in Guinea and potential sovreign risk hiccups further down the track.

Shine ANS Shine !