I would rather have 35 to 40% of Mbarga with the same at Nabeba. All other tenements that SDL would acquire would then be at least 80% owned by SDL after allowing for the Governments share. SDL would have Les Mamelles and the other two tenements they have applied for,plus Letioukbala and the Elogo tenement if the mapping and sampling prove it to be viable. They are also looking at other tenements. SDL would be able to use the rail and port being a partner in the Mbarga/Nabeba tenements to rail and ship other tenements iron ore that they have a bigger percentage ownership of.
Regards Westcott.
SDL Price at posting:
52.0¢ Sentiment: None Disclosure: Held
