Just a couple of other things to take into consideration.
Zanaga uses Itabirite around 30/32% Fe. Sundance Resources do not use any Itabirite in their figures that is under 35%Fe. They are not interested in lower than 35%Fe. If SDL included Itabirite of the 30 to 35% Fe mark they could quite probably have upwards of 30 Billion tonnes of Itabirite or more in their present resource figures.
Sundance know there are at least another 200mts of Itabirite below the 400mt depth they have included so far in their resource figures.At 600mts deep it is still open at depth,so still more Itabirite below the 600mt depth mark that will increase the size of the resource at Mbalam and Nabeba.
Regards Westcott.
SDL Price at posting:
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