shadowing fmg, page-14

Without trying to start war on hot copper,
i really dislike pat everyone on the back threads.

SDL THE FACTS
1. The asset is in the middle of the jungle.
2. The asset is low grade and the "good stuff has been located in very difficult terrain that may not actually be able to be mined.
3. A QS has done rough feaso numbers only and the reality/cost for the infrustructure is likely to be much higher.
5. Comparing the company to FMG is madness, and whilst everyone is dreaming of the elusive 1000% return the chance is slim to none.
6. Iron ore is the buzz word today, but I can assure you there is no shortage of iron ore around the world and if you saw the 730 report on twiggy tonight you would note there proposed ore supply of fmg ramping to 200mt pa in the next few years.
Supply will catch and surpass demand long before sdl comes on line.

Finally i dont discount some upside in sdl but it will be purely that the market is carrying it and not fundamentals. i see sdl at back at 10 cents before 30 cents...

Personally, and yes it is my view i would look at better quality and better prospected plays i.e srk, fdl(far more likely to be taken out by fmg than sdl) to name a couple.

stop dreaming...