Gday Tokyo
Very difficult to do a comparison between the two. So many variables.
SDL is sitting on some large deposits of high grade iron ore with minimum 20 year mine life. There deposits are being compared to some of VALE's. They have there own challenges at the moment requiring finance, approx 3 billion for infrastructure rail,port etc.
If the company pulls it off re finance, that 400m market cap will be blown out of the water.
Marampa's does not have the problem with infrustructure costs which would be significantly less. There is a operating port for the shipping (Port Pepel). Marampa would be ready to mine quicker than SDL if required.
How much is Marampa worth? I have no idea. Just a few thoughts. There are others out there who have a hell of a lot more of an idea than I.
Cheers
DPH
Gday TokyoVery difficult to do a comparison between the two. So...
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