With SBL at an MC around 28M compared to ADU and 2 others I am very aware of, they are way undervalued IMO.
SBL won't be at these levels for long, at least I will be very surprised if it is.
I get the feeling SBL has lagged a few others as it has been a penny stock for so long and this project has been a while in coming to fruition. However it is almost at commissioning and production, that won't go unnoticed for long.
Personally I am expecting SBL to have a rather large spike in the sp at some stage. It really is just a matter of time IMO. SBL's MC is about 3.2 times less than ADU. When you look at aspects like you have indicated such as capex, SBL should be about 20c easily. Even on the extreme conservative side it should be 10c at least.
Regardless of what we think though, Mr Market will decide and we just go along for the ride.
SBL Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
