I don't think results are going to move this or many stocks, it is the part of the cycle we are in.
When the market turns the results that have been banked it will then make a difference.
And the market can turn in a week or a year.
My view is this inflation and soon to be recession has been manufactured and is hitting stocks and the property market all around the world.
It is not SBR specific
Markets go through cycles as do property markets.
The company must continue what they have been doing, that is increasing the resource at Sherlock and then moving to the other projects.
Luckily they have money to do so and don't have to go to the well any time soon.
The more resource they find the more options they will have either now or when the landscape improves.
look at the Block program last night, it is a tough market right now but those who have been through these times before know it will turn.
What we know is SBR have increased the resource and could go a lot further, the EV is just over $3 mill for an increasing resource and other projects awaiting results or not started yet.
So a ridiculous price but a great opportunity imo.
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