one day to go!!!, page-75

Hi All.

Chinese will play a big part in these projects.
We have also had RioTinto,ArcelorMittal and POSCO visit the projects.
We have been in talks with Russian Steel Mill Severstal about Avima's iron ore going through Sundances infrastructure to port.

Sundance have said that the iron ore will be going to Europe,Asia,The Arab States and China.

This is not a small project.
It has been said before that this will be a World class project and company.
Sundance have only just started to drill its deposits at Mbalam and Nabeba.One hell of a lot more to drill at Mbalam and Nabeba.
There is also the other tenement in The Congo.
Three more tenements they have applied for/going to apply for.
Sundance are also looking/working on other areas in The Congo close to the tenements they have their.

Sundance are looking to have DR pellet and Concentrate plants for the Itabirite iron ore near the port.
All the deposits in this area of the Cameroon/Congo border seem to have large quantities of Itabirite iron ore.
Are they all going to build DR pellet/Concentrate plants?

Cameroon Government wanted Sundance to join them in owning/running a Steel Mill.

I will not be surprised if the final cost comes in around $6 billion if all the infrastructure gets built.

With all the other projects in the area looking to use Sundance's Rail and port,plus perhaps DR Pellet/Concentrate plants,think of the revenue it will bring in.

BHP are looking to spend in the region of $8 billion on extensions to their infrastructure in the Pilbara.

As the saying goes,you have to spend money to make money.
The Chinese are well aware of that,hence their overseas spending spree.

Regards
Westcott.