Nkout is relatively low grade resource and requires costly...

Nkout is relatively low grade resource and requires costly benefication despite the ore body. A Google search just now shows a decade ago a Indian steel mob walked away citing the economics was unviable because of low grade and high cost.

The lion share of world class high grade ores (direct shipping superior to the degraded Pilbara ores nowadays) with ultra low strip ratio like effortlessly scopping soft serve icecream is in the iron ore triangle straddling Sangha, Mbalam and Belinga in Kabon.

I don't know about the feasibility or viability of an investment case based just on Nkout. Common sense suggests if the returns justifies the billions and the risks, it would have happened already.

Nkout IMO would make perfect sense if it's hitching a ride on the infrastructure whose funding is easily justified by the Sangha Triangle hub.

Go ANS !