you will see strong growth

this is old report but it is very usefull to read it Sundance expects strong growth
15:08, Wednesday, 28 May 2008

Sydney - Wednesday - May 28: (RWE Australian Business News) -
Sundance Resources Ltd (ASX:SDL) expected to see significant growth in
value as it progressively reported JORC-compliant resources through
2008, managing director Mr Don Lewis told CorporateFile in an open
briefing lodged today.
The company recently reported its maiden JORC-Code compliant
mineral resource at the Mbalam Iron Ore Project in Cameroon – an
inferred resource of 190m tonnes of of Direct Shipping Ore (DSO) quality
hematite (60pc Fe grade) at the Mbarga and Mbarga South deposits.
"Sundance currently has a market capitalisation of around $540m.
"In our view, we are now significantly undervalued on the basis
of both identified and targeted resources at Mbalam," he said.
"Current undeveloped DSO projects in Australia are valued at
anything up to $A10/tonne of in-ground DSO resource.
"Our current market capitalisation is equivalent to around
$A2.50/tonne based on our current SO Inferred Resource base of 190m
tonnes of high-quality DSO material.
"This ignores any prospect to increase this DSO tonnage as
drilling extends to new exploration targets and completely discounts the
value of the significant itabirite mineralisation identified to date.
"Recently completed acquisitions of itabirite projects in Brazil
translate to a value of $US1 to $3 per tonne of in-ground itabirite
resource.
"Clearly, the Mbarga deposit is of very significant scale.
"Our current 1 to 1.2bn tonne range for itabirite therefore has
significant value when assessed on a comparative basis against recent
transactions in Brazil," Mr Lewis said.
ENDS