Quoting George Jones (Chairman SDL) at Financial Report, page 7, (08/11/27):
"However, the Company has not been immune to the challenges of the market, and we have suffered a substantial decline in our market capitalisation during the past year. Ironically, the Company is now in its strongest position ever with confirmation of substantial JORC-Code compliant resources and clear definition of the scope and potential of the Mbalam Project.
Our DSO resource tonnage is already larger than most of our peers in the Australian iron ore sector. {...} The Mbalam Project is currently the fourth largest greenfields iron ore project planned in the world {...}."
"I have every confidence that the value of our Company will increase this coming year as our resource inventory grows, our Feasibility Study is completed {...} and we establish agreements with strategic partners in respect of product off-take and financing."
Interesting...
SDL Price at posting:
9.4¢ Sentiment: ST Buy Disclosure: Held
