Not down ramping WGO or promoting SDL,do not need too. I hope WGO do find high grade DSO. Not posting inaccurate information.
If that is the only problem with Belinga,why have they not progressed the project seeing it is supposed to have at least 1 billion tonnes of high grade DSO? The grade at Belinga is also a problem from some reports. Contracts that were signed by the previous Government are also a problem. National parks are a problem for Belinga. Belinga is reported to be looking to use SDL rail to get to port in Cameroon. Avima and Badondo also are reported to be looking to use SDL rail line to Port in Cameroon. If Rio Tinto projects in Gabon go ahead they will look to use SDL rail line to get to Port in Cameroon.
SDL and Core/Severstal started talks in early 2010 about Avima iron ore being put on SDL rail line to Port in Cameroon.That is a fact,not conjecture.
Regards Westcott.
MBM Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held