On top of this, looks like a long winded tough time for shareholders over the last period. And typically i try to calibrate myself using the charts to help gauge sentiment.
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To me it looks like it could be close or near the major bottom on monthly time scale.
As i mentioned people should factor some risk in the figures and the con-notes, capital fully diluted market cap should be considered. And that can be balanced with a conservative/reasonable copper price (noting its higher and expected to rise) and only a 6-7Y LoM.
Even with that 28% MC to NPV for an aus based copper project - which can be in production in H1 next year with finance is not a bad proposition.
For new shareholders outside looking in it's fairly robust economics, not a high MC, decent jurisdiction, management team have a track record in the field. Can appreciate that it's been a tough pill to swallow for current shareholders - but i always try to look at shares from an outside perspective. I think they will see a S/P that's dropped due to delays and watering down expectation but a decent value proposition as current.
With that logic in mind my sentiment is updated to buy reflecting my actions today. I'm the centre-point buyer this morning.
SF2TH
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.40M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.4¢ | $21.99K | 626.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 66574 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 19746 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 66574 | 0.034 |
4 | 820000 | 0.033 |
1 | 76999 | 0.032 |
3 | 550000 | 0.031 |
5 | 461467 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 19746 | 1 |
0.036 | 259921 | 2 |
0.038 | 25500 | 1 |
0.039 | 290000 | 1 |
0.040 | 1402000 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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