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.
SDL Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
