You overlook the fact that BHP and RIO are ready to spend $100's of millions to put a landlocked deposit in Guinea into production. What drives SDL shares up is that chance they may be able to prove a 1 bi tons plus deposit in a new iron ore province. They have huge licences so anything is possible.
Remember that FMG is worth $52 bi in market capitalisation and is six months from earning the its dollar.
Given that BHP shares are closed at $47.30, would you buy BHP with its huge diversified profits or FMG at $52?
Maybe you need to look at the iron grades of ADY ore to find an explanation for their share price.
You overlook the fact that BHP and RIO are ready to spend $100's...
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1.2¢ |
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Mkt cap ! $18.73M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 323605 | 1.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 490037 | 2 |
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