Hi YachengSDL appear to be pushing it out again, see excerpt...

Hi Yacheng
SDL appear to be pushing it out again, see excerpt from SCE report, do you have a comment ?

"Announcing a project partner should be a key catalyst
SDL is due to complete and publish the DFS on Stage 1 and a PFS on Stage 2
by end March 2011. This will pave the way to choose an off-take partner
capable of taking equity in the project and arranging project financing, finalise
the mining conventions with Cameroon and Congo, and then FID before year
end. Our valuation of the project has not changed since our last report, but
the higher share price reduces the dilutive impact of potential financing,
hence we have raised our price target to $0.81, which is equivalent to $3.35 at
spot prices."