Absolutely on the money Roysolder!
Despite Val's protestations, the fact is that the Chinese are quite comfortable with sovereign risk in the Congo.
Nigeria, is far, far less risky than the Congo.
Also, the inexorable gobbling up of resources by China, particularly in Africa, continues (in fact the pace of acquisitions/investments is accelerating) unabated; and I reckon that it would be inconceivable that Chinese interests weren't already kicking the tyres of EIO.
I am amusing myself with some, speculative, NPV modelling and I can't get it below $300 Million+ :)
That is not by using the SDL template either!
Any thoughts?
Add to My Watchlist
What is My Watchlist?