I understand you are a trader but this is nothing at all like AKM (AKM needing to build a new $billion 500km plus rail line). The existing rail infrastructure is already in place for CAY. This from the company's announcment of the Minim Martap permit:
"The Minim Martap Project is supported by its relative proximity to an operating rail line connecting the
Project area to the existing port of Douala. In addition, Canyon has engaged with the Government of
Cameroon regarding an extension of the existing rail line to the new Kribi Deep Sea Port, which lies
approximately 130km from the existing rail line. The Government is at an advanced feasibility and
planning stage for this extension and has already started land clearing of the road and rail corridor to
connect the port to the existing road and rail infrastructure.
Whilst operating the Birsok Bauxite Project over the past four years, Canyon has been working with
Camrail, SA, the rail operator and the Government of Cameroon regarding the under-utilised capacity of
the existing rail line. "
CAY Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
