bleach88, you didn't write the report but I guess you did choose which part to copy and paste. I'll admit that sometimes this forum can turn into a bit of a cheer leaders club, but I'm glad I'm not the only one who thinks you constantly find the negatives in just about everything.
An iron ore price of $55 and funding 50% of the CAPEX through a share placement/offer are two of the more unrealistic parameters I've seen used when trying to value this share. 40c a share, I had a good laugh at that one.
All the information is there at the minute, I'd be very surprised if a BOOT type deal with the companies we have already signed MOU's with isn't what is being discussed at this very moment. That would look after the rail and port. Then the company will be looking for an off-take / equity parter. Wuhan Steel anyone?
SDL Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
