Hi donedeal,
I think Its obvious.
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.
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Hi donedeal,I think Its obvious.SDL's board need to such it up,...
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