Ann: Exploration Strategy Increase Our Reserves Presentation, page-3

First 3 Last

Share
Profile

Follow
vcj1925

1,239 Posts.

37

03/12/24

17:36

Post #: 76898253
Share

Originally posted by Ashentegra: ↑

Wow. A very aggressive $62m spend on exploration in FY25, this financial year. We are nearly half way through the FY.

Now the debt level is much reduced with stronger cash flows on better prices and higher production, SFR can drill from FCF.

BH & team want 15 years+ reserves everywhere. While exploration disappointments are inevitable, equally, there will be successes.

Note the program at Magdalena. This mine is only producing 100,000t of ore a year, despite being a substantial body. Yes, it is mainly Zn with significant Cu. Perhaps they are waiting for incentive pricing on Zn before committing to a Magdalana concentrator.

Ash

Expand

Unfortunately the market didn’t seem to be overly impressed.

SFR Price at posting: $10.44 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

PH2

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $11.61		Change 0.200(1.75%)		Mkt cap ! $5.299B

Open	High	Low	Value	Volume
$11.30	$11.61	$11.30	$1.267M	110.3K

Buyers (Bids)

No.	Vol.	Price($)
12	557	$11.60

Sellers (Offers)

Price($)	Vol.	No.
$11.61	1452	6

View Market Depth

No.	Vol.	Price($)
22	2040	11.580
11	1630	11.570
9	1513	11.560
10	5580	11.550
7	2576	11.540

Price($)	Vol.	No.
11.600	3205	10
11.610	3665	11
11.620	6476	13
11.630	7082	12
11.640	3021	8

Last trade - 11.04am 17/06/2025 (20 minute delay)

SFR (ASX) Chart

Ann: Exploration Strategy Increase Our Reserves Presentation, page-3

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Exploration Strategy Increase Our Reserves Presentation, page-3

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News