Right at the moment things falling into place but i think for...

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tolate

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19/01/20

18:12

Post #: 42460215
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Originally posted by macssharesforfun: ↑

A good post, @tolate Well done!

So if you have a look at the tweet below from yesterday, you can see why conceptually, ANS would be far more interested in developing SDL's Mbalam-Nabeba Iron Ore Project than their own, isolated magnetite/DSO tenements in the Mid West of WA.

IO continues to be strong, but the real strength (& demand) is in the higher grades and this is where i believe ANS have been smart in deciding to move their emphasis away from the Mid West & Oakagee.

One suspects that this 'trend' of widening price gaps in grades for io will only continue as the Chinese demand 'cleaner air' and therefore seek less polluting, higher io grades for their mills.

So when your only stranded io tenements of magnetite and DSO in Aus are unable to be developed, diversification is a prudent idea.

SDL's Mbalam-Nabeba Iron Ore Project = "Stage One will be the production of a Direct Shipping Ore (“DSO”) quality sinter fines product averaging >62.0% Fe at a rate of 40Mtpa for approximately 14 years based on blending material sourced from the deposits in the neighbouring countries of Cameroon and Congo."

Lets hope that ANS can "Nike it" (Just Do It !!!) in 2020.

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Right at the moment things falling into place but i think for memory costs to mine the ore about $30 so plenty moment there.
FMG has over a 30 billion MC
Maybe this is the next FMG.....imo As long as the finance is available as suggested

BRING IT ON

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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