bending over to china not for shareholders, page-30

westcott,

The board has said they see decades of IO on those tenements. Looking at the DFS etc, the Mbalam/Nabeba project has a mine life of 35 years by itself. Everyone knows they are monster projects, it's no secret to anyone. It's not about the quantity of IO anymore, it's about the company's ability to get the ore out of the ground and in it's current structure, SDL can't. You gloss over this point like it's nothing, when it's probably currently the most important factor effecting the company. SDL is unable to fund the project by itself and it is unable to force anyone into a JV because the company no longer has that supportive share register. This is the point you just don't seem to get.

"It is fine to come on the forum since you sold your shares and then knock share holders who are still holding and tell us we do not understand.I understand."

Nice cop out. I've been telling you for about 12 months that I don't think some on this thread understand the commercial reality SDL finds itself. My view regarding this hasn't changed since selling a few weeks ago. Whether I hold or don't hold my opinion is exactly the same. Great research, don't get the commercial/corporate realities. All you see is a big IO figure and don't understand why the company is being taken over. Surely, after all these years of holding and waiting, you should have figured out that a good IO resource is only part of the puzzle. If you don't have the other pieces, you can't finish the puzzle.

More itabirite under the Nabeba DSO cap has always been assumed, but more to the point, more itabirite is useless to SDL if it can't even dig up the DSO on top of it. IMO, growing the itabirite resource would have little effect on the company value at this point. Even some time ago when more DSO was being announced, the market didn't react all that strongly because it's all about the infrastructure.

MOU's with Core and EQX don't add any value to SDL at present because the only way those MOU's are going to come into effect is if SDL has infrastructure. The most likely only way there will be infrastructure is if Hanlong/CDB fund it. Those MOU's are worthless without Hanlng/CDB involvement.

The same holds for the mining permits and Convention. They simply don't get granted without Hanlong/CDB involvement. Remeber those years of waiting and waiting? SDL management says they want more because of mining permit and Conventions about to be issued, Hanlong & CDB say, well we won't help you get those permits and Conventions then. Thus the vicious cycle continues. Starting to get the picutre?

And let me see if I understand this, you are upset that SDL management supposedly hasn't come out and said that there could be decades more of mining on the tenements, then on the other hand you're upset that GJ is rubbing shareholder noses in it by saying SDL has only just tapped the tip of the iceberg as far as known strike areas goes? Um, which is it? Management either hasn't noted the potential, or they are rubbing shareholder noses in it by saying there is further potential. By definition, you can't have it both ways.