It's actually 40MTA, rather than 35MTA. The drillings were open...

First 50 Last

Share
Profile

Follow
bruceleroy

721 Posts.

175

30/12/21

12:16

Post #: 58565156
Share

Originally posted by tolate: ↑

Large long life resource.
The resource can already support a life of >30 years at
35Mtpa. Only Mbarga in Cameroon has JORC itabirite resources, but Nabeba is
expected to have underlying itabirite as well, which should extend the life of the
project.
Low Costs.
Mining costs are extremely low due to the low strip ratios involved.
FOB costs of c.US$22/t pre-royalties for the DSO hematite operation, would put
this project in the lowest quartile on the cost curve.
First Mover Advantage.
??? will have first mover advantage in a regional iron
ore province with its integrated infrastructure solution.
Takeover potential.
The large, longlife, low cost nature of this project should be
attractive to miners looking to increase their iron ore exposure, or steel mills
looking to secure supply

Expand

It's actually 40MTA, rather than 35MTA. The drillings were open at depth and along strike meaning there is so much iron ore nobody really knows where it all ends. LOL

Twiggy, Gina or even Clive Palmer may probably give us a miss in terms of a TO given the litigation and arbitrations.

Good thing is Cameroon and Congo are not allowing the legal mess to stop the big infrastructure build for the port and rail as well as massive offtake agreements being stitched up for the high grade ore.

Shine ANS. Ding Ding !

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

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PIQ

Proteomics notches up as company launches PromarkerD into the US

First 50 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

It's actually 40MTA, rather than 35MTA. The drillings were open...

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Proteomics notches up as company launches PromarkerD into the US

Featured News