time to sell?, page-2

FMG on 6/3/2006: 50 cents
FMG on 12/3/2007: $2.02
FMG on 23/6/2008: $12.03

We are talking here about SDL going from 50 cents to a $1.50!
If FMG can go from 50 cents to $12 in just over 2 years then why can't SDL go from 50 cents to $1.50?

I'm looking forward to seeing all the doubters proved wrong when SDL is $1.50+

Look at the facts:

Global High Grade Resource.

*It's large - Indicated 417.7 mt & Inferred 66.4mt
*It's low cost - US$21.20/t
*It's long life - high grade hematite for 12+ years
*It's high grade - Indicated 61.4 (Fe%) & Inferred 59.0 (Fe%)

We have to remember SDL has barely got it's feet wet. There is massive upside potential with more drilling to be complete. SDL have had great success with its' exploration in the past so I have full confidence there will be more success in the future.

Payback to be achieved in approx 3 years which George Jones has mentioned numerous times is unheard of in his time in the mining industry.

Debt/equity and off-take are well in advance. SDL is expecting to have a partner announced in the short term. SDL expects to have FID this year, which will lead to construction getting underway later in 2011.

I believe SDL have the best management team in the mining world. George Jones has been in the trenches for along time now, he has the experience behind him and knows SDL like the back of his hand. Giulio Casello comes from a fantastic background, plenty of time spent in the industry and I believe he was the perfect choice for MD.

None of the above includes companies like Hanlong, Xstrata or Anglo-American making a higher bid for Sundance.

IMO we have only begun to scratch the surface and Sundance is going a lot higher then $1.50

Good luck.