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ANS austsino resources group limited

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macca10

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19/10/21

11:12

Post #: 56900952
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Originally posted by gracesteel11: ↑

View attachment 3708848 First of many front pages,

“In the feasibility studies of the construction projects of the Mbalam-Kribi railway line and the construction of the mineral terminal at the Port of Kribi submitted to the Ministry of Transport, the consortium announces the construction of a double-line with a distance of 1,435 m, all over a linear distance of about 510 km. In addition, to transport the 100 million tonnes of iron planned, Bestway Finance Ltd and AutSino Resources Ltd plan to acquire around 45 locomotives and 2,852 wagons.”

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The full article and another one stating the consortium estimate that they will make $185M/year profit from the rail alone.
Great source of information Gracesteel!

On the Cameroon-Congo railway, Bestway Finance Ltd anticipates a profit margin of around USD 80 billion - Bougna.net

On the Mbalam-Kribi Railway, Bestway and AutSino have completed feasibility studies - Bougna.net

ANS Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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Looking to buy ANS, page-133

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