one would have to say that the update from SDL was pretty encouraging met expectations (if not exceeded them). one needs to remember this is a long term game, and the challenges with setting this up from scratch are numerous and the conditions difficult. that is not to say they cannot do it, to the contrary, but investors should take a constructive and objective view. tracking the day-to-day share price isn't necessarily the best strategy with SDL as they are an iron ore super major in the formative stages of development. we must be patient and support management with their strategy which appears to be managing expectations (unlike many others). the reality is they are importing new drill rigs from as far away as south africa and australia and deploying strategic and scarce exploratory resources for good reasons and this should be a strong signal to the market. either way, it will be interesting and potentially very lucrative to find out the estimates for the other non-explored parts of the tenement which will likely be prospective if the geology is consistent.
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
