Taking granger post down a different path if were to compare SDL to FMG as a lot of people have done in the past as the finds are about the same(when sdl confirms JORC hopefully)based strictly on the number of shares on issue and the Current SP of FMG.
FMG current SP = 7.70 Shares on Issue 2.821b
Guestimated Price for SDL based on FMG comparison alone and Guestimating 6.4b shares on issue creating a ratio of 2.27
SDL SP $3.39 (7.70/2.27 more shares)
Of course there are many many factors to take into consideration and things might change...SDL may announce an increase in the Resource...This guestimate coincidently ties in with a similar valuation done by BBY...
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
