Sundance Resources will complete their DFS today! And announce to the market its specifics in the next week or so!
The DFS is the KEY to the mine becoming operational!
Without the DFS non of the other milestones can be achieved! The $50m investment in the PFS and DFS all comes to ahead in the next few days!
It should be released in the next week, then once the Finance and Offtakes are completed, Secure Strategic Partner, expected it very soon.
Together with Mr Jones' previous history of sourcing finance quickly after the DFS being released with GBG, there is an urgency by the Chinese Steel Mills to source additional sources of iron ore away from BHP RIO and Vale, as well as the fact that they have been reviewing Sundance?s engineering calcs since last September when the MOU?s were released to the market.
We would expect to see the jv and offtakes signed off quite a bit sooner than the end of Q2! :)
IMHO we will then see significant share price movement!
Everyone needs to remember the correlation between these milestone events in the Table below with the corresponding share price movement!
We have been waiting a long time for these next few months!
Cheers Nectar!
SDL Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held
