SDL
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0.00% 0.6¢ sundance resources limited

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  1. mvp6996
    193 Posts.
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    16/04/08
    18:58
    Post #: 3594606
    This stock is dodgy.

    Management has always stated that the project has potential for >1 Billion DSO hematite @ >60% Fe.

    Their latest announcement states otherwise. The announcement states that they have potential for > 1 Billion iron @ 39% Fe. This is also non JORC compliant as well.

    Their project won't be viable because the capex will be billions of dollars just to start up, not @ 39% grade Fe
    SDL Price at posting: 0.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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