Ann: SDL China Iron Ore Conference presentation , page-2

re: Ann: SDL China Iron Ore Conference presen... Like the presentation.

A less than subtle message (almost like a taunt) to the Chinese that (if they want the next Pilbara), they must complete this Sundance-Only deal. The picture made the point that India is NO LONGER a source of import. The unstated point is that Chinese domestic production will also dwindle with time as grade becomes crappier and crappier.

Love the slide about the 2 mining permits in hand.

Board recommending a 45c (LOL !) in the absence of a superior offer IMO means a superior offer (1 or more) may already be in the bag.