SFX 0.00% 33.5¢ sheffield resources limited

Schadenfreude and Binary Outcomes, page-65

  1. 1,225 Posts.
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    @bmwgirl I admire your research however I dont agree with your trigger point for entry.
    simple reasons already posted :
    no train station nearby
    no airport for mining staff to fly in fly out
    steep gradiant of deposit
    60 m down
    Slimes will likely cover top layers
    huge opex to get below this to get to deposit
    NO financiers yet appearing after so long
    Mgmt on cashburn trajectory esp with Salaries component in (P?) and loss stmts.
    BOD not making any progress and needs refreshing.

    But the assays are good, but may as well be on the moon at the mo.

    this stock is on my radar, as probably a numbers of others, but The SP is still too rich in my analysis.

    I would like to see:
    costings of on-site opex for proposed mining
    transportation feasibility costings
    Mgmt and BOD to take instant haircut to their own opex salary costs
    improved independent analysis of slime content through depth
    opex costs of removing overburden and likelihood of EPA granting this
    plus many more issues unresolved.

    I am not prepared to show my detailed research/analysis yet but I suggest to you to considerably lower your initial entry point

    AIMO only and not finacial advice DYOR please


 
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