Yep. existing rail line in place, 10km rail spur to be built from site of the resource and Mota Engil proactively looking to engage with Canyon to transport DSO product either straight to existing Doula port or new Kribi deep water berth where Mota and Cameroon Govt are already engaged in preparing works for new rail line to join existing one.
Even SDL became a circa $1b market cap company on Fe DSO alone with NO existing infrastructure in place and their plan for a brand new 500km rail line through the Congo and Cameroon including thick jungle. Even after SDL board stuffed up, companies are still clambering to get ownership of the resource and work out an infrastructure deal.
This is a walk in the park compared to that. A 10k rail spur and a new 130k Private sector/Cameroon Govt funded new rail link to port (work already started!) from an existing rail line that is under utilised, is the key here. IMO there have been enough hints from announcements about Mota Engil and partners to give people enough clues. The resource itself is a no brainer, Tier 1 company maker.
Worth a serious look for those preapred to do a little nit of research and talk to the right people imo. AGM should be compelling meeting.
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Yep. existing rail line in place, 10km rail spur to be built...
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