And SFR spent $2.72B AUD on Matsa and is left with downturn and...

And SFR spent $2.72B AUD on Matsa and is left with downturn and recession questions about demand in the near term which have led to a current capitalisation of $1.66B AUD -does that mean the remains of DeGrussa (which went well this year) and the significant mine capital works to date and Motheo copper assets is worth zilch and the recent MATSA acquisition has depreciated by 40% in a few months whilst initial MATSA resource estimates have increased. Some times the market does not make sense. This is one of those times.

The copper is defined, hedged and readilly accessable in MATSA and some assets left at Degrussa of value. The Motheo mine might be a real monster given the indicated resource and exploration potential but will be a big contributor in the 2-5 year term. And copper is getting very hard to find in commercial quantities in good jurisdictions.

Hense BHP and RIO recent takeover moves. It is as always a matter of timing but long term copper will be in demand.