Ann: Company Update - January 2018, page-161

Westy,

Mining sooner? Really? Shame on you.

I have read the same story to my grandchild many times over as well. I think a different story to yours but she believes me every time just like you and others seem to on your stories about SDL.

I also asked her about starting mining the high grade Itabarite in the Congo craton "sooner" (by sooner do you mean sooner than bedtime? sooner than the end of the universe? sooner than the current plan? sooner than the end of time?). I was also told I was right just like you have been by SDL. Fancy that!

Stage 2 at Metzimevin sounds impressive. Is this the subject of some of your research? What about Stage 6? Can we discuss moving Stage 7 in front of Stage 5 and how exciting this will be for SDL holders? Particularly if it can be done sooner.

You are correct that you have mention SDL product quality many times. I have always pointed out to you that it is easy to compare a conceptual product (imaginary?) against real delivered product from operating mines. Unfortunately you have always assumed your knowledge is fact and that is where, for so many years, you have so dangerously promoted erroneous information on these threads.

Have you ever gone back 12 months, 24 months? 5 years? and read your own posts?

There is often the conspiracy theme on hopeless stock threads of the "big boys" manipulating the poor scared downtrodden into selling their shares "cheap". However I am surprised that you continue to peddle this rubbish after so many years. Anyone who wanted to buy SDL stock cheap doesn't have to scare anyone. Just bid!

And here is the truth about economic reality for SDL: SDL's iron ore is not that good. Iron ore is actually everywhere (about 10% of the earths crust). Magnetite ores (and similar mineralisation such as "itaberite" has the potential to be processed into high quality pellet feed. However this takes a lot of energy and processing infrastructure. It is not going to happen in the Congo craton. Not "sooner" and not later. If the Congo Craton has a zillion trillion tonnes of itabarite it is irrelevant. High grade lump iron ore with low impurities (like the Pilbara and South America) is valuable if it is close to high quality bulk commodity infrastructure. SDL's (former?) tenements had a significant amount of high grade lump iron ore. However it was high in impurities and relatively difficult to actually design a mine plan around (terrain and water issues). Teh value in use testing of the ores from congo craton has consistently shown that it will be priced at a (small) discount against similar grade material from the Pilbara. Much more importantly the ore bodies are located in remote part of Africa which has no infrastructure and is hundreds of kilometeres from the coast in the middle of nowhere. And that is why SDL is dying what is a painfully slow death.

Sooner or later I am going to check in on this thread and it will be gone. I wonder what you will think then?

As always, good luck!

J9