long time, page-18

Food for thought....facts you can find out directly from ASX or company presentations...

Not saying that we will definitely be an African version of FMG, because Africa is very different..but all I am saying is what we are doing is not that different to what has been done by other companies which are now blue chip….the potential is there with first mover advantage….


For example - please correct me if I am wrong but remember this is to be used as a guide only to prove what is possible….figures may be rounded…SDL has potentially 10's of Billions of tonnes of IO (and growing) - Westcott thinks that we could have up to 40bt potentially on SDL tenements only….Target and actual resource is close to 15billion
FMG currently has a combined resource base of approx 15.6bt - Back in 2006 FMG had a start up resource of about 2.2bt and their Market cap was approx 1.8billion, the following year "approximately" after announcing funding agreement (raising capital) market cap rose to approx 9billion (5 times) - Raised about 3.2billion. SDL current SP is approx 9cents…5 x 9 = 45

FMG's market cap is currently 18billion approx (resource based combined is 15.66bt)

SDL will could make Billions of dollars of profit each and every year for a 100 years plus….SDL will be one of the cheapest mines in the world to operate….

SDL Start up Capital will be paid off in 2 years (depending on infrastructure solution).

Included in its infrastructure solution - FMG has had to build approx 300kilometres plus of rail, and spend money on port, roads etc…Since start up FMG has spent approximately a further 5-8 billion dollars on mine and infrastructure…and SP is still above 5 dollars with (approx 3 plus billion shares on issue)

SDL may profit from Infrastructure solution and reap substantial benefits.

SDL has always hinted on growing the company through additions acquisitions, which may mean the company grow into a blue chip IO...(just like FMG,SDL could purchase or teams up with other local miners/JV etc)

SDL will plough back billions of dollars into the country and Governments will reap significant royalities to assist future development….

Oink Oink happy to sit tight and see the final chapter of this War and Peace novel play out to its positive conclusion.....