Hi Westcott, readers are no fool. They can compare Sundance's...

Hi Westcott, readers are no fool. They can compare Sundance's project with Core Mining, Zanaga iron ore and several iron ore projects in Africa and they will know that at $300 million today, Sundance is very much overvalued.

The most dangerous part is who would wants to invest $4.2 billion in Sundance?. Fortesecue only need $1.8 billion on its inital stage. You can invest half of that amount in brazil to get better return. Africa's initial stage of capex is too high. According to the news we know as of today, Sundance is still trying to get China to invest.They are trying to get a Chinese construction. China is their only hope and last resort, no Europe, no American etc, they are the one that the money and the largest iron ore users. Next time i think Sundance will try a Chinese fast food giant company to invest.

Westcott you have fallen in love with this stock and thats the danger of investing. Your natural feeling of affection toward the stock has blinded you, refusing to believe facts and figure.