"According to Fortescue head Andrew Forrest, Chinese customers are already eyeing the planned 150 million tonnes output of its Chichester Range expansion.
One steel mill has said it could take the entire expansion. We are not pessimistic in any way about the outlook for iron ore over the next 10 years."
I think things look pretty good for SDL really. They need to keep ticking their boxes. I think the MoU with the Cameroon government is probably the next big item as the drill results will take care of themselves.
SDL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held