Sullster - mate I have to call you out o your comment. Of course...

Sullster - mate I have to call you out o your comment. Of course there is a hell of a lot of work to do - that is why the SP is not $2. Have you read the broker and analyst reports? (which have massive discounts applied or the risk)
A $5 bill cap on a PE of 10 = $500 mill earnings. Have you worked out what SDL looks to earn? A measly $20 margin per ton on 35 mt = $750 mill. We will make a lot more than that, plus we will mine more mt than that and we will own and probably get a clip ($7 per ton Fortescue model)for what goes through the system. That is not counting further resource upgrades as per Westcott. Yes, we are ahead of the gameas you put it and Westcott is talkin potential of the company and why you would not want to give that up. I am glad you are an investor but may need to do a bit of homework before you dismiss $2 SP as you have.