You could be right in speculating on a dollar value of 100 required, but having listened to the last AGM and read a little research of late the underlying strengths appear to be its quality of ore, low cost in order to extract and its rather cheap and well positioned proximity to all quarters of the world. From all reports its positioned to cope dollar wise, more than most of IO hope full's out there.. not to mention with a sizeable resource that's likely to grow substantially in time. Having our Ukraine friend in the mix doesn't hurt as far as cash goes..
You just never know though. Will be an interesting year that's for sure.
SDL Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held