SDL has a world class proven resource.
The price of the underlying resource may not be the best at the moment.
A 40+ year mine life of high grade ore.
It's just stuck in the middle of a sub tropical rain forest with no transport at the moment.
SDL's history also puts people off.
Getting rid of the port/rail component was the best move they made recently.
It gives hope for the mine, although SDL is now relying on Cameroon to organise funding and develop the infrastructure.
Have a look around at other hopeful resource stocks priced at 1.6c, SDL surely has a future.
Cameroon wants it as well as every other mine that could take advantage of the infrastructure.
Once Cameroon announces funding, I am buying back in.
SDL Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held