sdl cr ann similarities with gbg

Hey Guys

Again we need to look at the big picture. This company will become bigger than Fortescue is today. If you are a day trader then you need to day trade another stock, because you will lose out by selling out of SDL too early!

We have spoken numerous times on HC about the world economic fundamentals of the seaborne iron ore market, China's demand for it, Japans imminent additional demand for us (incremental demand is expected to last 24-36months), India and Brazil's plans to restrict iron ore exports through increasing taxation applying export bans to CHina.

Sundance has 2.8Billion tonnes of iron ore, almost half a billion in ready to dig, crush and ship DSO, at world class Cash Cost of $21 per tonne. In today's Spot Iron Ore Prices $190 per tonne), the DSO Hematite alone is worth 484mt x $190 per tonne = $91Billion! This excludes the 2.8Billion tonnes of Itabirite Hematite.

Sundance has an extremely low cash cost product, that is and will be demanded by the world economy for the next 30-40 years in massive quantities each year.

What I would like to highlight is similarities between this announcement made by Sundance Resources and its "sister" (I call it sister because of Mr Jones' connection to both companies) Gindalbie Metals. They were at the same timeline, of resource definition in February 2006, with rumours of an imminent Chinese investor. They had a significant Magnetite Resource, but it needed significant investment.

What I want to show you is the following:

On the 23rd of February 2006 a Trading Halt was requested by GBG on a proposed Capital Raising.

On the 27th of February 2006 GBG placed 90 million shares at 37c to raise $33.3million to Southern Cross Securities.

The purpose of this institutional placement was to continue to proceed with making GBG into an iron ore miner, eg. Continue to drill increase their resource and complete the necessary DFS legal documentation and operation of the business for the imminent JV Investment.

5-6 weeks later on the 3rd of April 2006 they announced the landmark JV with Ansteel!

Mr Jones is still the Chairman of SDL and GBG, since it worked so well for GBG and both Mr Jones and Casello have mentioned several times they are aiming for a JV Offtake investment similar to GBG, you would expect the same process and even timeline for Sundance Resources as GBG!

Ive tried to copy and paste the timeline from asx.com below.

But you can see it if you click on the link.

http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=gbg&timeframe=Y&year=2006

Be patient, dont panic and let the downrampers jump on late in the game on the cheap. If you can afford to, continue to accumulate, because once the Finance and Offtakes are announced in coming weeks/months, the big instos will be onto SDL with a vengeance! Which will lift the share price to much higher levels! How high? The more they drill and increase their Resource, the more iron ore they can extract each year, hence lifting their NPV and share price!!!

Enjoy the Show Fellas, its going to be an exciting one for us SDL Shareholders!

If you are sitting back, dont miss out on this incredible opportunity to be part of a brilliant Global Top 5 Iron Ore Producer at a time where we have and will continue to have record iron ore prices!

Get onto SDL while its still significantly undervalued, because it wont be for long.......................

Cheers Nectar

03/04/2006 asterix Landmark 50:50 JV/Funding Agreement with China's Ansteel Grp 3 PDF -
03/04/2006 Appendix 3B - Exercise of Employee Options 7 PDF -
03/04/2006 asterix Trading Halt 2 PDF -
20/03/2006 Media Release: Resource Statement 2 PDF -
20/03/2006 asterix Joint Venture Negotiations 1 PDF -
20/03/2006 asterix Resource Statement for Karara Magnetite Deposit 5 PDF -
17/03/2006 asterix Trading Halt 2 PDF -
14/03/2006 Notice of General Meeting 8 PDF -
13/03/2006 Half Year Accounts 34 PDF -
09/03/2006 Allotment of Tranche 1 Shares Complete/Top20 2 PDF -
07/03/2006 Further Key Iron Ore Project Appointment 2 PDF -
07/03/2006 Appendix 3B - Share Placement 7 PDF -
27/02/2006 asterix Placement 2 PDF -
27/02/2006 Appendix 3B - Exercise of Employee Options 7 PDF -
23/02/2006 asterix Trading Halt 2 PDF -