Money in the bank at last, page-102

Agreed long term holders have been there done that...rinse and repeat cycle has played out many times before.

When you look at it logically from a Government Point of view they definitely want the infrastructure to be built. Its a matter of priority and sitting in the que waiting for your ticket to be called. Chinese interest is secured for building works. There have been some major projects already completed with one big recently approved with the Nachtigal Hydropower project.

Exert from an very old article...highlighting the income the Government will gain through the project.

Iron Ore

1. Australia's Sundance Resources has an exploration permit for the Mbalam deposits. Sundance was scheduled to begin exporting iron ore from its USD 2.46 billion project by 2011 but the firm is involved in tax wrangles with the government and announced in November that production would be delayed to 2013 due to the global slowdown. Reserves are estimated at roughly 2.5 billion tonnes including 2.325 billion tonnes of itabirite hematite and 215 million tonnes of high grade hematite.

Once operational, Sundance hopes to produce some 35 million tonnes of ore per year bringing in USD 5 billion in royalties, taxes and dividends during the 25 year life of the mine.

http://www.china-invests.net/20091208/26954.aspx

http://www.worldbank.org/en/country/cameroon/projects/all