If the future expected announcements eventuate, 62c is going to look cheap. In the very short term the stock may move in either direction, but I couldn't see the share price falling dramatically (20%+) unless there is some unforseen change in fundamentals or severe deterioration in World markets.
A market cap of $1.5Bn may seem large for a company still 3 years from production, but you have to temper this assessment with the fact that if production is reached, free cash flows each year will be $1Bn+. The market cap doesn't seem so large now does it?
SDL Price at posting:
62.0¢ Sentiment: LT Buy Disclosure: Held
