I might be mistaken but I believe BHP and RIO we in the ballot for the Mlbalm lease many moons ago and Sundance nabbed it from under them. They know the value of the project. No doubt it could one day turn into the next Pilbra.
Just look at how much RIO has invested into it's It's African project.
It's massive - http://www.theaustralian.com.au/business/rio-tinto-racing-ahead-at-simandou-project-in-west-africa/story-e6frg8zx-1226082356014
Westcott might be able to expand on this. He knows SDL better than most.
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