Ann: High Grade Resource at Minim Martap, page-16

Towie,

I dont know costs but I'm not really interested as I think that a public rail line linking existing infrastructure to new infrastructure at Kribi port is highly likely to want Canyon as a rail client rather than a rail partner.  Time will tell of course but the existing rail line is owned by Bollore and Canyon already have stated they have an MOU in place re logistics with Bollore  (check presentation earlier this week). Bollore also already have port access so I would suspect that will cover their clients ie Canyon. Having said all that, obviously at this stage things are still being negotiated/contracted and we await definitive agreements with high anticipation