Although RB is the designated port for Mbila, this is great news and clears up another hurdle down the track.
The benefits of this for ZYL are many.
1. The increased infrastructure and supply output from the area will attract more attention from internationals who are looking for economies of scale in shipping from 1 port. 2. Reduces risk from potential buyers and take-off deals. 3. Reduces risk for potential take-over operators. 4. Reduces port processing fees due to price competition. 5. Bolsters the seriousness of the region as a bulk producer / shipper of rares and commodities. 6. Attracts other small miners to the region, which may invest in other infrastructure i.e: rail, so ZYL isn't going it alone. 7. Stops stranglehold on supply from BHP, Ex, Xs, Glen and AA. 8. Major investments attract other major investments as risk profile is lowered for industrial zone. 9. Commissioning should be around the same period as Mbila operational commissioning.
Keep your heads on the bigger picture. At the moment I see we are losing the battle to win the war.
HWK Price at posting:
4.3¢ Sentiment: LT Buy Disclosure: Held