DRS your sentiment appears to be one of a laggard. The mining industry has fallen hard in 2012, but the trend indicate the darkest days could be behind us.
The XMO - Materials Index - has recently popped its head above water for the first time this year, and this bodes well for a recovery of beaten down mining stocks.
My sentiment is based on why I think a company/country would want to buy Sundance. They don't want to buy it because of the entry price.
They want to buy it based on the overall economic (&(political) benefit over the life of the resource. This will amount to many, many billions of dollars & other intangibles.
It's all relative, 2 Billion sounds big, but in the overall scheme of things it may not be that much to a potential bidder.
If it is as simple as you say
**wow.... a company that owns nothing and makes no money with a market cap close to $2billion dollars!!**
then no one would even be bothering with it, and you wouldn't bother holding it.
DRS your sentiment appears to be one of a laggard. The mining...
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