Have RIO,BHP and VALE GOT into J/V's with others? Did RIO,BHP and VALE then have their J/V partners in projects then have a share of all their projects? The original discussion was for a J/V for Mbarga/Nabeba,not for all SDL tenements. Yes SDL would have to pay some thing to a J/V partner for using their share of rail and port.
Sundance 40% share of Mbarga/Nabeba at 35 million tonnes per year at a selling price of $120 per tonne would bring in $1.4 billion per year. At 50 million tonnes it would bring in $2 billion to Sundance Resources. Obviously if the iron ore selling price was more than $120 per tonne it would bring in more to SDL.
Itabirite pellets and concentrate would bring SDL even more profit than the DSO.
Regards Westcott.
SDL Price at posting:
52.0¢ Sentiment: None Disclosure: Held
