No matter what one thinks of Ding, one has to respect the man...

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bruceleroy

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28/07/22

11:56

Post #: 62777620
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Originally posted by DVEous: ↑

I was refreshing my mind what other significant iron deposits are in Cameroon along the Kribi - Mbalam rail route.

Nkout.

This project that doesn't get much attention, and potentially becomes our first rail & port customer/partner.

Fun fact.
Nkout deposit is larger than Mbalam.

And there is no sh1t fight over who has the mining rights.

This article was forgotten about, or never appeared on my radar at the time.

Full article source:
https://ecomatin-net.translate.goog/secteur-minier-vers-un-accord-entre-bestway-et-caminex-pour-lexploitation-du-fer-de-nkout/?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Looking at 2022 aerial photography of Nkout, there is signs of life there!

Assuming the Kribi - Mbalam port & rail project is funded (?), it would make sense to give priority to servicing the Nkout project.

Meanwhile Sundance's Mbalam and Nabeba litigation drags on, and the lawyers get fatter and fatter, and Sundances possible payout diminishes as each month goes past. (Due to interest and fees associated with the Burford advances, and litigation costs.)

If Nkout alone makes the rail & port immediately viable, this would be a win-win.
Our consortium marches ahead with the project, and China gets [another] supply of African iron ore.

I would really like to hear more about Nkout.

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No matter what one thinks of Ding, one has to respect the man for his foresight and vision.

Again, to understand the investment rationale I suggest everyone to read the ANS Q&A soon after Ding made the fateful decision to invest in Mbalam Nabeba despite other investment opportunities then avalable to ANS.

It is noteworthy that Cameroon only came on board after numerous meetings between the Congo and
Cameroon and 2-way emissary visits over the years.

Until ANS and Bestway struck gold with the Cameroon Sangha MoU to ship the regional ores to Kribi deep water port, Ding had previously explored other options including alternative rail and shipping routes in Congo perhaps even **om to evacuate the world class ores.

Since you mentioned Nkout, here is a very old picture years old that may still be relevant in our ANS Bestway regional game plan. All we need now is the funding green light. Yippee !

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

1 Great analysis

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