prime you said "a relatively small deposit 400 km from port"
the last time i checked +1billion tonnes is not small it is actually very large plus i think you fail to recognise that our deposit is HEMATITE not its poor cousing magnetite.
plus if you go by the merger split sdl makes up just over 60% of the new entity so obviously sdl's project is valued a lot higher than both of gbg's projects which are slightly more advanced.
plus capital costs will be much lower in cameroon re building ports and railway compared to soaring costs in WA.
not saying i have anything against gbg i think they are a great company and i think in the long term it will create a great merged company and hence good value for all. so iam prepared to wait through any short term consolidation.
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
