I'm holding and will be buying if some nervous ones push it into the 30s.
I think this share has a lot of upside potential. Heres a quote from Carmichael Research.
It will be a bumpy ride as traders push it up and down but ultimately will be going up.
Check out the link and graph that illustrates what the estimated value of SDL is in comparison to its peers. "If we use SDL s non-JORC high grade resources of 218mt @ 60% Fe, we see that the company has an EV of $1.17/tonne, well below the current calculated average of
$3.15/tonne. To come in line with average EV, the market capitalisation of SDL would
have to double"
"SDL represents an early stage opportunity of exposure to a very aggressive
exploration company. The Mbalam project has the capacity to generate
significant shareholder value with a fast-track growth profile from completion of
the pre-feasibility study in 2007 to the Bankable Feasibility Study in 2008.
The company s main asset is the Mbalam Exploration Permit,
situated in the Republic of Cameroon in Central Africa, which is highly prospective
for high grade iron ore and has a historical non-JORC compliant resource estimate
in excess of 218 million tonnes of +60% hematite."
full report; http://www.sundanceresources.com.au/documents/news/00202_SDL_11052007.pdf
or Hartleys speculative buy report; http://www.sundanceresources.com.au/documents/news/00194_Hartleys%20March%202007.pdf
Good luck to SDL holders and to the non holders there is more to come. watch for a bottom on this consolidation.
These are my opinions only and quotes from Broker reports. Please do your own research and make a conclusion for yourself.
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