funding

Hi All.

Funding of the project does not look to be a problem.
I spoke about the likely funding avenues many months ago.
World Development Bank - Export Credit Agencies - Sovereign Funds and there was also The Bank Of Africa.
Because of the financial position of Cameroon the agencies have to fund Cameroon.
The Sundance project will in time save these agencies many hundreds of millions of dollars if not into the billions.
So if they help Sundance get it going they can step back and let Cameroon support itself.This will come in 10% share of project - Royalties - export earnings by having a new rail line and port,and at a later date taxes from the sales of products.

Only 0.3% of total landholdings have been drilled.

Regards
Westcott.