be careful / don;t even think to sell , page-28

What do you think SP would be when following announces will be made in (or less than) 3 months time:

- Start of construction Deep Water port Kribi
- Confirmation of SDL resources/reserves
- Mining Permit
- Mbalam Convention
- DFS
- Announcements of JV/partners and off-take agreements
- Deals on Rail and Port with China following MOUs
- Project Financial approvals

Recall SCE target SP = $0.77

My DCF for SDL Base case has SP range $1.30-$1.74 using projections with models 30Mtpa to 50Mtpa, and 30Mtpa to 70Mtpa

...And the above targets are very conservative