ANS : will we fold or fly?, page-212

Now that the binding agreements have been signed, I am super bullish about the ANS valuation given the strategic heft of the high grade ores. Tolate is right to suggest we are a FMG in the making.

Excerpt from SCMP article just before Xmas.

...In 2012, China imported about 70 per cent of all the world’s iron ore transported by sea, or about 680 million metric tons, in addition to its domestic production of about 280 million metric tons. About 60 per cent of the imported ore came from Australia.

These days, the estimated total output from fully developed mines in West Africa’s Guinea and the Central African republics of Congo and Cameroon is between 400 million and 600 million tons annually – or almost the entire amount China was importing by sea in 2012...

https://www.scmp.com/week-asia/economics/article/3151634/evergrande-sinic-fantasia-tidal-wave-chinese-debt-about-sink