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Hi Westy, I think your logic is correct! My honest view is that...

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Lion2009

980 Posts.

27

11/04/17

14:53

Post #: 24002043
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Originally posted by westcott ↑

Hi taboon.

I am still not convinced that The Cameroon Government will pull out of the deal with Sundance Resources Limited in July 2017.
May 23rd 2016. Nabeba Convention passed into law. One page announcement with the fact that, Nabeba in The Congo Republic holds approximately 70% of our DSO iron ore Reserves.
I have said on numerous occasions that Mbalam in Cameroon, needs the iron ore from Nabeba in The Congo Republic to be viable as an exporter of iron ore and viable as a mine site in Cameroon.
My thoughts/opinion are that Sundance Resources Limited will have to, run out of cash or be made a take over offer for the overall projects to carry on as a viable proposition. Both projects rely on each other.More so Mbalam needs Nabeba.

Regards
Westcott.

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Hi Westy,

I think your logic is correct!
My honest view is that Sundance will be taken out of the picture and someone else take over the project.

SDL Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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