imo Talbot isn't the best of guides and I certainly wouldn't consider him to be "smart" money
as for SDL: I'll be stunned if they get any ore on a ship inside the next decade, if at all. It's no wonder the GBG shareholders told em to rack off re the merger given the massive capex (which doesn't seem to have a ceiling). Then there's the ore: most of it is low grade which needs the added cost of beneficiation.