Based on balance sheet in 2014, SDL has spent in an accumulated...

Based on balance sheet in 2014, SDL has spent in an accumulated amount of capital expenditures of $256 million to do all feasibility studies and surveys etc in order to develop both iron ore site at Mbalam, Cameroon and Nabeba, Congo

If the Mbalam convention is reinstated by 1 July 2019, can you imagine how much would be the value of this intangible asset/intellectual property?. The ultimate major owner of SDL does not need to spend for another $256 million for doing all the feasibility studies and surveys etc, SDL already has all these knowledge, and the project is READY to go with the RIGHT CHINESE PARTIES or other parties from other countries (of course, SDL needs credible and the bona fide financiers).

Current price at 0.005 is very cheap. This price is traded below its book value of equity.