Don't leave out the other key sentence in the paragraph!
"Nonetheless, Stausholm expressed confidence that this approval would be granted soon.
In January, Baowu raised $1.4 billion from a bond issue in China intended to support the project, which entails the construction of a 552-kilometer rail line to transport high-grade iron ore from two new mines in the Simandou mountains — one to be constructed and operated by Rio Tinto — to a new deepwater port on Guinea’s Atlantic coast."
Regardless, our Project further South should provide a much more attractive opportunity based on a quicker timeline to completion and purely Chinese backing...Baowu or not.
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
