what wrong with sdl, page-6

Hi yowie013.

You know that the DSO will be a larger resource.
You know the Itabirite will eventually be proved as well.
You know that only the top 400mt of Itabirite at Mbalam has been announced so far.
You know that Nabeba has more DSO than has been announced.
You know there is Itabirie at Nabeba and likely to be a lot more on the Nabeba tenement.

Not all at reserve status I know.Fact there is more DSO and Itabirite in Cameroon tenement and The Congo tenements.

Where did the $6 billion that = 35 million x 10 years come from?

I think you will find that spending $6 billion in Cameroon and The Congo will get you more than in the Pilbara.

Check out Aquila/AMCI cost for far less rail than SDL's rail,mine and port.
Have a look back at FMG cost of port,rail track (only) and mine infrastructure.FMG trains and wagons/rolling stock are leased.
Have a look at FerrAus cost of a rail spur line to BRM's Marillana tenement and mine set up.

NWIOA (AGO,BRM and FRS the last time I saw a figure for the port was around $2.4 billion alone.

What would a mostly flat rail line of 500kls cost in the Pilbara?SDL rail line mostly flat but through treed/forest areas to slightly undulating down hill for about the last third to the port.
I think I can give you a fair idea,between $2.5 and $3.5 billion,just for rail line.

Be fair and un-biased about the situation.
Point out only so much is in reserve status,but the likely hood of more DSO.Point out Itabirite,not reserve status,but it is definitely in the ground under the DSO,to at least 600mts deep and still open at depth, with the resource figure of around 2.3 billion tonnes at 38% Fe just at Mbarga mine pit only taking in the first 400mts depth.

Regards
Westcott.