worlds 4th biggest iron ore project growing

Hi all,

Highlights from todays presentation and questions afterwards:

Peter Canterbury stated that SDL is 4th Biggest Iron Ore project in the world at present.

It was highlighted several times that "drilling to date has been on one hill only". This obviously leaves open significant potential.

Current resource targets DO NOT take into acount EP143 at all.

Focus is on off take agreements at present.

"No comment" on leads out of European IO conference.

Planned infrastructure could handle 50 million tons per annum leaving open the chance of increases to production target of 35 million tons per annum.

SDL in bottom quartile of production cost per ton.

From what I heard, I felt very confident that the size of this project was the key driver in making this happen (funding etc). It is on a lot of peoples radars and sounds like it could be a very exciting 6 -12 months ahead as railway needs to be started next year, thus fast tracking of environmental approvals underway.

I hope this helps everyone, I know I feel a lot better having gone along but please do your own research.

Disclaimer:Do your own research. This may contain some of my personal views.