sdl vs fmg

FMG

Construction Commenced: February 2006 (Share Price aprox 70c)

Commencement of Shipping: 15th May 2008 (Share Price $6/$7) at a rate of 25mtpa

They needed to raise AU$3.7Billion dollars and did so at August 2006 ($1.00) and July 2007 ($3.50)

FMG has permits to 57,500sq Km of land.

FMG has 4.5 Billion tones of resources

No. of FMG Shares currently on issue: 3,084,034,699

FMG Market Cap: $9,915,801,384 (Based on today’s opening price of $3.21)

FMG Top 20 Shareholders: 90%

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SDL

SDL has permits to 3,755sq Km’s

SDL has reported 2.5 Billion tones of resources so far

SDL have estimated a production rate of 35-50mtpa

No. of SDL Shares is 2,102,042,808

SDL Market Cap: $347,167,063 (Based on today’s opening price of 16.5c)

SDL Top 20 Shareholders: 54%

SDL CAPEX: US$3,277,000,000

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Comparing FMG to SDL on the basic information above, you can see that FMG has permits to 57,500Sqkm of land, whereas SDL only has 3,755sqkms.

FMG has 4.5 Billion tones of resources, whereas SLD has 2.5 Billion and counting.

Over a space of 2 years, from 2006 to 2008, FMG share price increased from less then $1.00 to a peak of $13. At 2006 FMG had commenced production and at 2008 they had commenced shipping.

If anyone has any further information to add to this, or would like to make some assumptions or conclusions, please feel free to do so.