Tony Sage sees Cape Lambert as infrastructure play in West Africa

Cape Lambert Resources plans to be a West African infrastructure play in two years to cashks the start up factor coveyor-in on the rapid interest in the emerging region.

Perth businessman Tony Sage wants his investment vehicle to be generating about $US250 million ($240.5m) each year from its iron ore assets, and is targeting a railway line from the group’s Sierra Leone project as the main revenue driver. Mr Sage said he is often criticised by investors about long-term earnings because his strategy is not to become a producer but to instead sell exploration projects. But he has argued that, with deals to earn iron ore royalties from three West African projects and about $US400m in the bank, the strategy will be enhanced by building and owning infrastructure in an iron ore province he calls the next "Pilbara". "If you own the infrastructure, you control the...