Trawling for interesting news articles online. As you can see from this one dated sep 24, 2007, before the GFC, Gindalbie valued SDL at $1.6bn (AUD). Given the current market cap is $300m...................
http://www.theage.com.au/news/BUSINESS/Gindalbie-Sundance-merger-attractive/2007/09/24/1190486197064.html