Hey 8591The Infill drilling is now complete for the DFS. SDL's...

Hey 8591

The Infill drilling is now complete for the DFS.

SDL's goal was to move the vast majority of their JORC resource into the Indicated category in order for the completion of the DFS and subsequent Finance and Investments. they achieved this with flying colours, 86% of the 480+mtonnes is in the Indicated JORC category.

Mr Casello just announced their new goal of a total Hematite Resource increase which means putting their wholly owned drilled rigs to more good use! The best part about SDL is their real estate in East Africa and as stated by Mr Casello, their first mover advantage! With $43m in cash, they will continue to drill and find more high grade iron ore in their tenements!

Also don't forget that when the share price was 12c, Mr Jones' goal was at the time share consolidation, which isn't really needed any more. But if you read previous Ann from 2010, he mentions that to offset any negativity towards a share consolidation, there will be significant good news released at the same time. the best news that the Sundance board can announce enough JORC iron ore resource to extract 100mtpa for a min of 10 yrs, up from the current 35mtpa.

Now that SDL has almost "half a billion tones of hematite", in the words of Mr Casello yesterday, SDL could now announce an annual production increase to 50mtpa and the mine life will still be 10 yrs for the DSO! The big investment houses and instos cannot buy SDL shares on expectation, only once an official Ann is made, but we can put two and two together and keep accumulating before these significant rerating Anns are made.......a lot more good news is close at hand.....:)