SFX 2.94% 33.0¢ sheffield resources limited

Ann: High Grade Maiden Mineral Resource at Night Train, page-29

  1. 292 Posts.
    lightbulb Created with Sketch. 307
    Thanks 2ic, I appreciate the humble response.

    I agree with much of your earlier detailed assessment regarding Thunderbird funding etc. I'm optimistic it will be backed in some form as it's a 3 billion tonne resource (open in both directions) in a commodity(ies) with declining grades world wide. There's no other tier one mineral sands discovery like it and despite its recent SP dip and current world economic jitters, the financial risk-reward for SFX is still near the top of my list.

    Night Train is just a little sugar hit on the side. It's still early days, but so far has a very comparable size and profile to Image (which I also own), which has just started its operation and is near the bottom of the cost curve. RC drilling in sand is cheap and IMO there is value proving up a bonus (potentially $300m+) deposit for a couple of mil worth of drill holes.



    Last edited by mlives: 12/02/19
 
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