Given the price of copper assets currently - I'm happy with us refining existing operations + further exhausting the exploration inventory before pursuing more M&A. We're just entering healthy balance sheet territory after a couple of years of having a strained balance sheet post MATSA acquisition.
Regarding our exploration inventory - SFR hasn't had anything overly positive over the last few years on this front (you can probably stretch this to 5+ years really), but my point remains that if the company believes in the Kalahari Copper Belt it should back itself.
I'm happy with us developing a rock solid balance sheet before taking on another big M&A venture.
SFR Price at posting:
$11.67 Sentiment: Hold Disclosure: Held
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