Hi(landrat) How long have you been researching SDL?. The high grade is from surface +60%Fe. The lower grade is Enriched Itabirate Hematite,35-45%Fe, Mbarga has 1 to 1.2 billion tonnes of Itabirite open at depth and along strike to the west.After a simple low cost process the Itabirite will be +65%Fe Still drilling Mbarga. Mbarga is only one tenth of 36kl strike identified so far. Roads go to the sites to be drilled. DSO hits are large hills coming down to fairly flat land. Rail line will be over flat land,one bridge will be needed. Some of the big iron ore miners in Brazil are 500 to over 800kls from port.
Your SRK I believe is over 500kls from port. SRK are in South America,their ore if sent to China will take over a month to get there.If the take over of SRK falls over.
SDL are only 4500kls from main ports in Europe. Closer to China-Korea-Japan-India. SDL also have not yet looked at the extension to EP92 block that takes them to the border with Republic of Congo,The Chinese have put in several billion dollars at Balinga,which is about 150kls from SDL. SDL have also just picked up over 1000sq kls of land to the East of the Mbalam tenement.
One last thing about being taken out.ArcalorMittal-BHP or RIO would be more likely to take them over. Regards Westcott.
SDL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
