SFX 0.00% 33.5¢ sheffield resources limited

Ann: Standout Drilling Results Extend High Grade at Thunderbird, page-7

  1. 1,425 Posts.
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    The resource upgrade due next month and PFS should both give it a boost however, whilst todays news is extremely positive, I think the market already knows the deposit is huge, shallow and will be in production for many decades once it gets there, it just needs to see the path which is still not completely clear.

    ie A large off take agreement or binding MOU concerning financing is the real re-rating news we need. The earlier the better to ensure the SP is high enough to ward of would be bargain hunters.

    Some big news concerning the Zircon price fundermentals also wouldn't do us any harm however these will obviously be mostly contingent on China. Signing of the FTA could be of assistance too.
 
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