SDL's board need to such it up, step away from the China fantasy land and look close to home where there are real synergies and cap ex. cost savings in a Core Mining JV and/or merger.
Which ever way the merger goes either 50/50 or 60/40 in SDL or Core's favour, I think the long term value is potentially quite significant from an tie up of 2 operations in close proximity sharing infrastructure that is mining in excess of 70 million tonnes of high grade iron ore per annum.
That scale of operation puts SDL/Core in FMG territory which is depending what metrics you use between a $15bn to $20bn valuation.
I better stop right here though, I might be talking too much sense for some.
SDL Price at posting:
34.0¢ Sentiment: None Disclosure: Held