Good article, just goes to show that there is definitely movement in the surrounding regions...Still significant interest in IO production fostering economic growth...looks like they got the company on the cheap but have invested significant dollars to confirm the resource. I believe Sundance has also spent a couple of hundred million dollars to confirm resource. Funding has been an uphill battle for many resource projects.
You can draw similarities with SDL. There are many other companies sitting on the Rail corridor that will benefit from the infrastructure build....once in place and operating SDL has always talked about expansion through acquisition, and I suspect that they will target those same companies on the rail corridor. I don't know whether this is still something on their Radar.
SDL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
