take note...sdl capex 3.5bn...if under bullish, page-3

1) By the end of this year we should
2) If the company acheive its stated obvjectives, they'll be in production far sooner then SDL.

SDL wont be in production in 2 years. The difference in mkt cap in 2yrs will be far far far narrowed then what it is now.

DMM capex will be significantly lower then SDL as they is a rail line only a dozen km or so away from the Mayoko project.

There is the benefit of simply upgrading an existing rail line to increase annual tonnage as opposed to building a line from scratch/


THATS THE POINT.


It cust CAPEX in half and is a huge advantage of DMM over SDL and is why they will be in production before SDL which is, as stated, 12 times its market cap.


My point was about RAIL and EXISTING INFRASTRUCTURE that the company has and that SDL do not have the benifit of having.


Simple!