Correct me if i'm wrong wasn't Fortescue Metals market cap over 1 billion market cap in late 2005. Trading around 35 cents to 50 cents. While its cost was around 3.5 billion and they didn't ship anything until 2008-09. Although i'm not saying that Sundance Resource is the next Fortescue but it can be and i don't see why not. It could go up and down but i'm willing to take the risk.
Fortescue shares rose to 80 cents to 1 dollar but falling back to 80-90 cents in mid 2006 thats when they announced their financing terms. Late 2006 trading around 1 dollar with a market cap at 3 billion and apparently by (valuation at 8% discount with iron ore price at $46.5 per tonne producing 45 million the potential NPV was roughly 3.3 billion the same as their market cap at that time). Its Interesting in digging up old press. DYOR
It all about taking small baby steps!
how low do the chinese want it to go, page-26
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