Actually, I have been thinking of the likelihood that Ding participated in the inaugural meeting at the China iron ore group and that ANS and Bestway have been told to hold our horses until the formation of the organization 2 weeks ago. Ding's comprehensive announcement is way overdue and it's already August LOL.
First we had typical African inertia that took forever to have Cameroon and Congo see eye to eye on the infrastructure and regional resource consolidation blueprint which also has to be the most economically optimal for maximum ROI.
The Chinese who fund it must run the rulers over every scenario to ensure maximum efficiency and scalability for future growth. Our partners are looking decades ahead. This is the new Pilbara LOL
One thing for sure, ANS is a country mile ahead of FMG. They are desperate for high grade ore because all they have is 58% fe low grade product sold at a huge discount relative to the 62% fe benchmark.
Go ANS !
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
