"Cameroon iron ore hopeful Sundance resources is looking to defy the odds and forge a marriage with a financial backer for its West African iron ore project, by early next year.
Sundance chairman George Jones said the company had made inroads into finding a partner for its $5 billion Mbalam project, despite iron ore prices bottoming out and money pools drying up. It hoped to finanlise an agreement in the first quarter of 2009. Sundance said yesterday it had agreed to "in-principal" terms with the Cameroon Government over the project. "
I guess if this was a baseball game, then Sundance is about to step up to the plate. Can GJ bring his game, or will the flash flooding from the Financial Tsunami force these iron ore players back to an environment where winning is possible .... the nintendo Wii.
Watching with Keen Interest!
SDL Price at posting:
7.8¢ Sentiment: None Disclosure: Held
