gj to present at resources rising stars today, page-13

Even SDL admitted that their estimate for the long term Ore price, which is $63 per tonne, is conservative.

I will kep a very closed eye on the details of off-take contracts and equity financing. Once we get all the details, we can then do some modellings and figure out what should be the fair price for SDL..

If you look at one of the off-take contracts that FMG has with those chinese steel companies, the ore price is based on the annual industry benchmark relative to BHP and RIO for iron ore marking price for similar capability. the price in 2002 was like $20 but now $120. Long term forecast price ranges from $60 to $90 from few broker reports I have read.

SDL is very similar to FMG in 2004, once those off-take contracts were announced..price basically just exploded..so hold on to SDL, it is a potential ten-bagger or even more...