Freehold - I am a large holder in Sundance resources. Tier 1 first mover player with second to none IO quality and perhaps quantity. They too require infrastructure - rail and port which is under tender now. However, the SP is .097 as we speak. The EV has been stated at $3.50 SP once in production and broker short term vals 2 - 3 times current price. That is th emarket. It doesnt like "time" and it doesnt like capex risk.
I think FMS is a buy at 2.5 - will be surprised if it doesnt get there. You never know.
FMS Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
