MARKET ANNOUNCEMENT Clarification of In Situ Value Estimate The Company refers to its market announcement released earlier today where it provided a JORC Inferred Resource estimate of 172 million tonnes (grading 62.28% Fe) for its Apurimac Project area and where it was stated: • Based upon an iron ore price of approximately A$55 per tonne, the in situ value of 172 million tonnes of iron ore at this grade is approximately equal to A$9.5 Billion
So if in situ of 172m tonnes of hematite is about $9.5B then, 1.0B tonnes for SDL is approx $55.0B.
Ok, a long way off. BUt just a thought
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held