For what's it's worth, JP Morgan is rating Sundance a buy.
"Sundance is the best asset left in West Africa not controlled by one of the majors.
The two primary iron ore deposits are the Mbalam project in Cameroon and the Nbeba mine in the Republic of Congo. Mbalam is large scale with 484 million tonnes of high-grade hematite resources and 2.3 billion tonnes of Itsbirite hematite, which is a similar quality to Vales's Brazilian resources.
Assets outside of Australia are a big attraction for the Chinese. Price 35 cents. BUY.
SDL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
