Agree with your post bm3121.Hopefully sdl is on the radar on the...

Agree with your post bm3121.

Hopefully sdl is on the radar on the big miners bhp, rio, xsrata etc.

But as I mentioned before, generally the chinese like things done fast, so hopefully, (IF the chinese are serious about mbalam and have viewed it as an integral part of they're iron ore ownership target), the other big miners move faster in jv/takeover etc.

I work in institutional banking and deal alot with asian banks, and I can tell you they want things done asap, the US and european banks are generally a lot more relaxed, the middle eastern banks are the best as they seem to move at 20% the pace of the euros and americans.

But saying all of this, short to middle term prospects (now - 3 years) look promising for sdl. After that I dare not comment on the company or iron ore prices. The chinese are focused and will reach they're goals for ore ownership and control, if they want it they'll get it no matter what cost.

I say bring on the bidding war :)