SDL 0.00% 0.6¢ sundance resources limited

nice chart setup, page-17

  1. 2,622 Posts.
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    There are five main milestones to come over the next 6 months:

    Before Christmas 2010
    1.Finance
    2.Offtake Agreements
    3.Ratify Mining Convention & Mining License

    Before March 2011
    4.Increase in JORC/Move higher % of JORC resource from Inferred to Indicated and Measured
    5.DFS - Recalculating the Iron Ore Price in their Calcs from $63 per tonne to $140+ with their cash cost sitting somewhere between $19-24 per tonne

    Question: 1. When milestones 1 to 3 are completed is it safe to assume the Share Price would get to 66-75c as per the StoneBridge Report?

    Question 2: When milestone 4 to 5 are completed, a re rating of Sundance occurs and the share price rises to between $1.20-1.40?

    I'd like to get everyone's thoughts on these scenarios if thats OK?




 
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