gmp securities jan 2011 report on sdl site, page-9

Hi Westcott

As I read the report ( partic table on page 9), as soon as the PFS for Nabeba comes out they will reduce their discount rate from 75% to 60%, and if the inferred itabirite resource is about the same size as Mabeba's, their SP target will go very close to $1.

That's apart from any other positives that might be in the DFS. Presumably they will also reduce the 60% discount to Mabeba as the resource is confirmed.

Any thoughts?