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0.00% 0.6¢ sundance resources limited

If I read this right, that's $900M for a 16.5% stake in a mine...

  1. Matt747
    10,494 Posts.
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    26/09/13
    22:58
    Post #: 12377762
    If I read this right, that's $900M for a 16.5% stake in a mine with a 35MTA production rate.

    Well, 2 jap firms paid $1.5B for a 15% stake in BHP's Jimblebar (also a 35MTA mine not yet in production).

    http://www.miningaustralia.com.au/news/bhp-selling-iron-ore-stake-for-$1-5b



    SDL Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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