They did say 50% of the project. That could mean 50% of Mbalam and Nabeba seeing Nabeba iron ore is being blended with Mbarga iron ore. SDL also are looking to have other projects that I don't think will be included.
Les Mamelles,tenement next to African Aura,Tenement West of Mbalam and joining onto the Mbalam tenement,another tenement could appear East of Letioukbala around Elogo. They are sampling and mapping this area at present. All of these would only be included if a partner/financier paid extra to get a share I believe.
I think that at some stage around the time that partners are on board we are likely to get an announcement about more DSO and a substantial increase in Itabirite. I feel some things are being held back to coincide with dilution because of a partner taking up to 50%.Could be announced before an announcement that a partner/partners have signed up.Who knows?
SDL know that there are huge amounts of Itabirite in our tenements.They never say anything about it though until drilling has confirmed it.
Regards Westcott.
SDL Price at posting:
35.5¢ Sentiment: None Disclosure: Held