2 billion tonne hematite target with $7m cash , page-4

SDL has 2,721,839,168 ordinary shares (plus some options)

SDL share price is currently 45 cents

SDL market cap is currently $1,224,827,625

Total High-Grade Hematite Resource 484 Mt at 61.1% Fe

Plus itabirite deposit of over 2.3 billion tonnes at 38.0% Fe

Itabirite "hematite equivalent" = 1.430 billion tonnes based on grade

Total Hematite equivalent = 1.914 BT

EV/t = 64 cents per tonne

if WGO find 1 billion tonnes, equivalent market value to SDL at 64 cents per tonne = $3.15 per share

10 bagger

buy