when is good?, page-81

Thanks for your post bloodymarry.

I think you misinterpret the way I analyse things for my views on a mining project, not only SDL but to all mining projects I am and was involved in.

I appreciate your view of SDL and understand how you approach SDL, and I respect that. However. to me, until such time that the detailed engineering, and EPCM/EPC are being awarded to contractors with the money back-up to all of the budget + contigencies, then the SDL Project is to me - Still a Very Good Idea or put it simply - a Very Good Mining Project.

After the EPC/EPCM awarded, then the Project evolves into Construction-Production stage, then after that, the Mine-to-Market stage kicks in. That is where the real production money starts to come. As my calendar indicates, that is still a long way to go. so many things can go wrong or can go right yet.

QLD had just finished a devastating Yasi cyclone in the last 36 hours or so, which noone expected coming in the last week or so - so what it means to me is that the future of SDL as an Iron producer still a bit of a distant. So many things - we don't normally know or expect, can happen. We don't know. I am usually not betting to anything that I don't know - that is why I approach SDL with a limit or caution. Even if I love SDL as mining project very much.

I am just on the defensive side of things bloodymarry, and I am sure it would usually protect my capital better, than being so aggressive in any mining project investment. To me investing is making money, even if it's only a dollar because It's usually better than losing a dollar. I learnt that the hard way in the past, by losing big sums because of the very reason that I was too aggressive.

Now, every tick of the clock surely makes us grow old, but putting my next 3 years of Hope to SDL is I know not the best idea for me. I would try to be more realistic and conservative not expecting 20 times richer after 3 years Hoping for SDL.

Thanks mate.