As you say, and I am repeating not to you but from a wider sense.
1. The resource is there in bucketloads and of Pilbara grade. 2. It is a "region" and therefore WILL be developed. 3. Sundance is in there first AND has shareholding from both the Camaroon and Congo Governments. Also have MOUS with Chinese companies and now Hanlong on board. GC is emphasising Chinese solution. 4. The Chinese will make this happen to achieve their lessening of dependency on the big three IO players.
As for the SP, do not worry about this. It will take care of itself in the next few months. Do not try to read too much into movements here as we know many games can be played. All is not as it seems is a good thing to remember.
All good IMO.
SDL Price at posting:
46.0¢ Sentiment: LT Buy Disclosure: Held