In this current world climate, it will be hard to get cap ex funding for $5B...imagine the interest bill at even 5% yield...and it would take anywhere between 1 yr to 2 yrs to get the infrastructure completed..so the interest bill (in simple terms) would be around $250M per annum peak before digging up any iron ore and FOB.
Simply put, the resource is going nowhere in the short term.
Logically speaking, u would try dig up the resources closest to port and easiest to get to...SDL's resources are hard to get to...that's a fact!
I really do feel for all the long term shareholders...if I had money in SDL, I'd rather gamble it at the casino...at least u know the result instantly.
SDL Price at posting:
8.8¢ Sentiment: None Disclosure: Not Held
