Good start to the quarter at Degrussa. They could have *potentially* added huge sums of cash and I wouldn’t be surprised to see a figure of in excess of $350m (~$2/share) cash in bank once the quarterly drops.
They’re clearly still working on the T3/A4 study and it looks almost certain that the expansion 5.2mtpa case will be run, it looks fairly simple modular design going of the slide below.
SFR Price at posting:
$4.41 Sentiment: Buy Disclosure: Held
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