Extract from Breakaway's analyst report (please read last paragraph and last sentence regarding time frame April 2014).
"Significant potential for short to medium term uplift in share price to $0.16$19/share, with long term potential uplift to +$0.50/share with successful project execution"
"Various options for the construction and debt funding are being considered, including buyers credit, vendors facilitated debt/project equity and the supply of infrastructure by an independent provider – although there is not a lot of interest
in this last option. Sundance expects to finalise agreements with the successful bidder in Q2 2014, at which stage financing will then need to be put in place. It is now issuing tenders for the debt funding and development of the mine plant and associated infrastructure and expects this process to be finalised in April 2014"
SDL Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
