Investors in SDL will be aware that management (once finance & partners are in place) will value the company around $4bill. which will be by years end. (http://www.finnewsnetwork.com.au/archives/finance_news_network17737.html)so you would think that a current m.c. of $1 bill. will get re rated IMO in an upward direction. Then once productions starts in late 2014 it will only take approx. 3yrs to pay back capital costs of $4.7bill. then they will still have another 22 years of mine life in stages 1 & 2 which will bring them more than $4 bill. Now as far as I am aware the Stock Market projects future prospects & earnings of a company, so to say that a current m.c. of just over a Bill. now is over the top what are you going to say when the m.c is $4 bill.in the near future? Sorry silly question, I already know your answer.
SDL Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held
