As I said before that the real iron core business is in SDL. Logically, investors/punters are more likely to chase SDL shares when it resumes on trading because they can directly own SDL. This is the fact that only Chinese can presently execute huge projects in Africa. Let us focus on business and not politics. This is an Australian listed firm which owns iron ore tenements in Africa and not in Australia so this has nothing to do with sovereignty and nationalism etc.If WAPRC does receive China NDRC approval and the deal does go through;
1. SDL will be debt free,
2. $4 million in SDL
3. $71 million standby in ANS to be allocated for SDL
4. The project is supported by large Chinese companies related to state-owned companies.
5. The project will generate huge profit based on current iron ore price of $130 per tonne compared to $50 two years ago.
6.Current share price of 0.005 is far below the book value of equity relative to BHP and RIO which are traded far above book value of equity.
This is huge scale. Shine SDL Shine.
