I can't understand, why Australian Banks let this bargain go to China....
If they make the invest for the infrastructure (rail and port 6,5Bln) and receive a fee for each sold ton of ore, they could earn a lot of money within the next 35 years (Lifetime of the 2 mines). If they would be payed back a sum of 10-20 Dollar from each sold ton, as long as the invest is payed back and after the invest is payed back they could receive an ongoing fee (which has to be agreed but beow 10 Dollar!), until all ore is sold out, they will make a lot of money for a long periode of time. Why don't they do that…...
IMO.
SDL Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
