I revive this thread as the risk of an opportunistic takeover of SFR has risen considerably. BH & team need all the value within SFR on full display.
Sotiel is a substantial, unused (100ktpa) mine. Grades over 8% ZnEq are considered economic, as Sotiel is. ZnEq is how Zinc mines are valued.
Eastwest's comments above are timely. Lead sells for $US1000t, Zinc for ~$US1500t. It isn't worth much. The Cu grade makes this mine.
Sotiel is 73mt grading 0.9% Cu, 3.0% Zn, 1.3% Pb, 31g/t Ag. Half Matsa's total Mineral Resource.
SFR needs to lay out this interesting project for all to see and put a price on. It is early in the project's life, yet the asset already has value.
Ash
Sotiel, page-10
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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 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |