Westcott,
A very very long way!
Don't be fooled by SDL's profligate and absurd cash burn. 40 mill is a lot of cash and in the right hands can do a lot of work.
In any case it is about the value of the project, the ore, and its potential to be sold at a profit.
If SDL can do that (which I don't believe they can at current iron ore prices) then any big DSO project in the region will have a proxy value which is a derivative of SDL's.
Surely you can accept that?
Or are you saying it is a one trick pony? Only SDL has the magic and everything else is worthless?
Try and think about leveraging your vast knowledge and research base. If SDL, saddled with massive debts and horrendously diluted, ever comes good what will be the effects on peers and neighbours?
J9
SDL Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
