My understanding is that the DFS will be completed by the end of this Month Mar 2011...Whether they release the whole thing or just some dot points to the market we dont know....
The second part is the announcement of the finance/offtake partner/agreement, this was to take place in the following quarter...
The usual trend for a mining share is that when the Finance/Offtake agreement etc is announced this usually derisks the project and really moves the status of a company out of the spec classification...
There is still plenty to come....and one day closer to production....
SDL Price at posting:
47.5¢ Sentiment: LT Buy Disclosure: Held