loan repayment, page-7

Interesting to speculate around the statement made in the Cameroonian press release from a previous thread....

"Exploitation proper should begin in 2011 and will last approximately 20 years. The National investment Corporation (SNI) could possibly buy over FOKOU iron rod investments so as to use part of the iron that will come in from Mbalam. In fact, the long-term goal of the country is to develop an iron and steel industry in the country. The authorities in government, negotiating this deal, are asking the Australian partners to be part-and-parcel of the deal, as well as to develop the entire port of Kribi, not just a part, as they previously intended to do."

This implies the Cam Gvmnt are putting a lot of trust in SDL to get the best deals in place not only for the port but including the development of an actual steel industry.

This could also mean that not all the IO will be railed to port but some to local steel works. So besides the 35MTPA DSO we should also sell locally meaning total O/P in the longer term could be greater PA than the DSO already suggested.