The regional consolidation synergy of Sundance is a key differentiation factor.
The massive DSO resource underpins the capex investment (recoverable in 18 months based on convervative IO price estimates - in light of GJ's assessment of a supply-demand mismatch circa 2018 given China frightened hundereds of millions of tonnes of future supply off the market).
The Chinese have a very good reason to value Tonkolili at $6 billion and Simandou at $6.8 billion.
7c, 10c, 20, 25c and counting.....LOL!
SDL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held