I can show you reports from 2007 about SDL being the next FMG.
On their site it has since gone up to the figures you say,but it is Measured at 2.4 Billion at 34.05 Fe. Indicated 2.290 Billion at 30.8% Fe and Inferred 2.1 Billion at 31% Fe. No high grade. By the time they benifitiate the ore it will be no where near those figures in tonnage.
Also as I said it is not next to SDL as you said.
Would you also like to publish how much Zanaga's CAPEX is expected to be? From the figures I see just for The Itabirite,it is more than SDL's Stage One and Two put to gether, at ($7.354 Billion) for Zanaga. That is with using a pipeline instead of Rail which will save them another(One Billion Dollars) They only have 50% of the Project as well,less one share. That is why their share price is so low.
Regards Westcott.
SDL Price at posting:
9.7¢ Sentiment: None Disclosure: Held
