If CAY get denied the mining license because they’re not going to export refined alumina, it will send a message to all potential future exploration companies and do long lasting damage to the Cameroonian economy. Do the iron ore companies have to process and smelter for their mining licenses? I find this hard to believe and if so, EEA will not take this lying down. The whole notion is ridiculous, laughable really.
CAY Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
