Sundance is worth $337 million at its current stock price of...

Sundance is worth $337 million at its current stock price of $0.11 today. The right question to ask is...is it really worth that much?

Sundance's most and main important asset is its Hematite Direct Shipping ore totalling 775.4 Million tonnes at 57.2% iron,JORC proven resources.

and located next door to Sundance, we have Core Mining with its Avima project with their much bigger Direct Shipping ore of 1.27 billion tonnes, JORC proven resource and it doesnt even worth $100 million, 3~4 times less than Sundance.

Source 1 (http://www.coremining.com/)

Source 2 (http://www.theaustralian.com.au/business/mining-energy/congo-conundrum-a-test-for-socrates/story-e6frg9df-1226595928434)

Both companies above in west africa would need multi billions dollars of investment before they can ship their first ore, with the exception of Legend Mining which may be undervalued but its cut off grade is lower than SDL and Core Mining.

Fortesecue with its billions tonnes resources was not even valued at $80 million in 2005, before the railway construction.

and that is the reason why Morgan Stanley said SDL worth 6.2 ~ 8 cents today.

Source (http://www.theaustralian.com.au/business/wall-street-journal/hanlong-faces-hefty-loss-on-sundance-resources-stake/story-fnay3vxj-1226615819603).

You can see plenty of companies is worth less than $337 million in Pilbarra with much better prospect than Sundance.

Again all only in my opinion....do your own research.