Hanlong's Chairman Mr Liu also said ''money is fundamentally not a problem'' thanks to funding from several sources, including the Export Import Bank, and that he would be prepared to ***on-sell shares to other domestic companies if his bid succeeds.***
He said Hanlong aimed to ''solve the long-term demand and supply problem in the iron-ore market'' and thereby stem what he said was $70-80 billion in annual losses that are flowing to the three iron ore giants, Vale, Rio Tinto and BHP Billiton.
Hanlong claims the Sundance mine could provide up to ***200 million tonnes of iron-ore*** imports to China each year.
You're right Bawkaw - Sundance is completely WORTHLESS,
SDL Price at posting:
33.2¢ Sentiment: None Disclosure: Held
