Core Mining's asset (Avima) is significantly better than Mbalam.
Closer to the coast, bigger, one deposit, and higher grade.
And effectively for sale at $300 million.
Why do you think there was an article in the Australian?
Avima (Core), Badondo (Equatorial), and Belinga (CMEC) are the jewels of the region for iron ore. A major could put them all together and do 100MTPA for 50 years.
I am sorry fellas but Mbalam is the equivalent of the Mid West in WA....
"Out for lunch .... Come back in 10 years"
or maybe make that 20.
SDL Price at posting:
25.5¢ Sentiment: Sell Disclosure: Not Held