SDL 0.00% 0.6¢ sundance resources limited

report from reuters, page-40

  1. 8,602 Posts.
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    Hi BeefyT5.

    Ten years? Over 4 billion tonnes at present. Plus 9.2 to 13.2 Billion tonnes on top of that. Say 15 billion tonnes total. Waste will be no more than 1 tonne per 2 tonnes dug out, lets say 1 tonne to 3 tonnes. That gives us at least 5 billion tonnes of iron ore to sell at 65%Fe to 68%Fe.
    Something like 50 years just there at (100Mtpa),Plus the DSO.That is also nearly (three times) the amount SDL are talking of exporting each year. At 35Mtpa that SDL are talking about there is enough to keep going for at least 150 years.
    There will be at least another 40 years or so on top of that from areas that have not been fully looked at yet.

    Not very happy so sums could be wrong,don't think they are,not going to re-check them.

    Regards
    Westcott.
 
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