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Sundance Launches Discussions With Potential Investors After Terminating Hanlong Deal
Apr. 09, 2013 04:43PM PST
Base Metals Investing Mining Weekly reported that Sundance Resources has resumed trading on Tuesday and announced it has launched talks with potential investors regarding an interest in the company’s Mbalam-Nabeba iron-ore project.
Mining Weekly reported that Sundance Resources has resumed trading on Tuesday and announced it has launched talks with potential investors regarding an interest in the company’s Mbalam-Nabeba iron-ore project.
As quoted in the market news:
Sundance’s Mbalam-Nabeba project is significantly more valuable today than when the Hanlong bid was first made,” Jones said, referring to the fact that the ore reserve had increased from 352.3-million tons to 436.3-million tons, and the high-grade hematite resource had increased from 521.7-million tons to 775.5-million tons, at 57.2% iron.