SDL 0.00% 0.6¢ sundance resources limited

Why no Finance

  1. 3,152 Posts.
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    I understand that the iron ore market is in the poo at the moment.

    What I do not understand is at the current low price of $68.10 per tonne for iron ore, Guilio and board are saying that they will be remaining on the payroll while bringing the company into a position where it will be ready to go into production when the market improves.

    YET Guilio has been saying that even AT $60.00 per TONNE THAT SUNDANCE is PROFITABLE.

    This is a very LOW COST PRUDUCTION mine.

    So if BHP ,RIO and VALE are producing at a loss, why can he not get a deal done, HE SAYS HE CAN DO IT CHEAPER.
 
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Currently unlisted public company.

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