It is not an Aussie ore company. It is an overpriced African EXPLORER, with unknown, non compliant, resource, with estimate "in excess of 218mm tonnes". However, somehow the geniuses here "know" it will be well in excess of 1bn tonnes. Of course it is raising funds, and will continue to need vaste amounts of further capital...and that just for the drilling and feasibility..then what? How will they fund the US$2.5 billion of capital required? A question the brokers ignore, as well as the interest and depreciation on an ongoing basis. In the event the project is a goer, any profits wont eventuate until 2012 plus... Smart money into SDL....no its HIGH RISK money by those who can take big risks and wait for long periods for any possible return....
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
