Morning Westcott! thanks for all your info as usual. I hope that you are right but I must say GJ has strong connections with China - a bit like Nick Curtis - and I cannot see China missing out on this - strategically it is very important for them to show that they can buy good quality iron ore from a NON Australia (RIO/BHP) country. In the big picture we will still be the major suppliers - but African mines once fully developed will lower overall io prices from around 2014/2015 onwards. IMHO.
Anyway I hope my cynical thoughts are wrong. SDL resources worth WAY more than 57c, strategic value alone is worth 20c imho. Bring on 80c-$1.00! Then we will be happy:))) But that is a 10% chance at this stage I sadly feel.
This BS is as many have stated more than likely for AGM!
SDL Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
