Capital cost: We estimate US$3.8b versus SDL estimate of US$3.36b SDL?s prefeasibility study capital cost estimate was US$3.36b. This cost was based on one mine and plant at Mbarga and rail infrastructure linking Mbarga to a port south of Kribi. Our US$3.8b estimate incorporates the current plan of two mines (Mbarga and Nabeba). The additional capital cost reflects the mine site infrastructure required for Nabeba and the rail spur linking the Nabeba mine to Mbarga.
SDL Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held