Hi (Chazza414)A few snippets.Sundance,Core may share rasil,port...

Hi (Chazza414)

A few snippets.

Sundance,Core may share rasil,port infrastructure March 2nd 2012.Part of notice.Sundance Resources were firmer after the West African-focused iron ore explorer said it had signed an infrastructure agreement with Core Mining,a private company backed by Glencore and Severstal.

Under the terms of the agreement,the two parties will discuss how Core might access Sundance's proposed rail line and port export terminal by way of a direct investment or a haulage services agreement.

Once in production there is the potencial to produce up to 70mtpa of direct shipping ore alone between them.

Those talking about lower iron ore prices look at Creamer Media's Iron-ore Report-March 2012.I printed off pages,4-5-7 and 30.

West African Minerals Corp. Company Overview-June 2012.
Just snippets of the Report.

Our research shows that the market values DSO at between US$2.50 and US$3.50 per ton in resource.

Banded iron formation (BIF) and Magnetite Resourcesare generaly valued at between 25 and 50 cents per resource ton.

Two producers,seven Developers and three explorers compared.
One Producer 62mt at 58%Fe African Minerals.
Two Developers African Iron 23mt at 55%Fe. Sundance Resources with 673mt at 57%Fe.

ProducersDevelopers and Explorers BIF/Magnetite Fe Grade between 28%Fe for Bellzone and Sundance at 38%Fe.
M+I+INF Resources between Bellzone at 23%Fe and Sundance at 40%Fe.
Included are African Minerals,London Mining,African Iron,Afferro Mining,Bellzone Mining,Cape Lambert,Sphere Minerals,Sundance,Zanaga Iron Ore,Equatorial Resources,Ferrum Cresent and Legend Mining.

West African Minerals have A tenement to the West of SDL,the tenement SDL gave up to the East of Mbalam,two tenements close to port and one near Adea.They have also been given rights to Rail and Port access by the Cameroon Government.They also own Ferrum Resources,Ferrous Africa LTD and CMC Guernsey LTD and a few others.They say Legend Capex figure on internal study is to cost US$1 billion.
They also say Global Steel Production continues to grow each year to 2015 at least.The iron ore market is expected to remain in a deficit up to 2015.
Prices are unlikely to collapse as Chinese demand remains strong and supply is likely to disappoint this year.

Marginal Chinese production has iron ore content of 12-15% and currently has production costs of at least US$150 per tonne (625Fe content equivalent)

From Core Mining Site.

Both Core Mining and Glencore have agreed to pursue future co-operation in a number of areas relating to the development of the Avima iron ore project.

Bloomberg29/04/2012.RBC Capital Markets say that Fortescue at $18 billion would appeal to Anglo America Plc(AAL),the Glencore International Plc-Xstrata (XTA)Plc combination and Teck Resources Ltd with steel production on Mainland China forcast to increase more than 50 percent by 2025.

Morgan Stanley forecast in March that average iron ore prices will stay above $120 until at least 2017 as production fails to keep up with demand.

Regards
Westcott.