Because of the grades, I suspect they are two completely different types of mine. SFR's being U/G high grade VMS mineralisation. S32's Open pit, probably a porpyhry. To make the comparison one would have to work out free cash flow EBIT and multiples of them. SFR's Matasa was, say market cap on EBIT 4-5 which was attractive as I think next years my be 3 to 4. S32 are no slouches and the market liked it so I would suppose it would be similar or better. Also, SFR was smaller so the purchase had much more punch and debt.
All IMVHO
Ann: Transformational Acquisition of the MATSA Mining Complex, page-293
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Last
$10.55 |
Change
-0.010(0.09%) |
Mkt cap ! $4.836B | |||
| Open | High | Low | Value | Volume |
| $10.90 | $10.92 | $10.54 | $15.00M | 1.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4884 | $10.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.56 | 5805 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |