SDL 0.00% 0.6¢ sundance resources limited

Solid support, page-38

  1. 6,565 Posts.
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    Some good points..It is interesting how you compared SDL to EQX...there are a host of other IO companies that have dropped in value...in reality though EQX are about 3 to 5 years away from actually announcing any significant reserve...they dont even have a mining licence yet....in order to get and retain a mnining licence they have to commence a significant drill program to progress the tenement....that is how far off they are....yes they have a target which is a wild guess IMO...they have drilled about 14 holes only....EQX SP up until now has been held up by the cash reserve and foundation shareholders, but their SP sits on the edge of the cliff because as soon as they spend the money on a drill program that cash will quickly be used..In reality with out SDL and the Port and Rail infrastructure they are a stranded duck....If they don't start drilling soon they will loose the right to the tenement..
    Last edited by taboon: 14/01/17
 
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Currently unlisted public company.

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