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
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Correct me if i'm wrong wasn't Fortescue Metals market cap over...
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