So SDL 1.5 years ago looked similar to DMM in my opinion.
-> IF <- the deal goes through then comparisons below:
SDL today:
Cap: 934
Cash: 76
Options: 120@10c
90% Target 1bt Fe with Maybe 200mt high grade @ 60% Fe.
2 billion Capex.
Eg 41m@63% Fe.
No railway.
DMM:
Cap: 18 (assuming 35m shares on issue)
Cash: 2
Options: 14 + 11 @20c
80% target 750mt Fe.
Railway within 30km.
>>>>
Please check these figures yourself, as my data is always slightly out of date.
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So SDL 1.5 years ago looked similar to DMM in my opinion.-> IF...
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