For those interested, updated research report from Dr Chris Baker on Sheffield Resources (SFX) following the recent March quarterly and follow-up discussions with Bruce Griffin.
Some small adjustments to short-term pricing and production inputs - valuation of $1.85 per share.
"No change to our view that SFX remains an undervalued exposure to a world class mineral sands – mainly zircon – project, where a global supply shortfall appears inevitable over the next 2 years. We expect SFX to rerate as commissioning risks dissipate."
Includes a very good breakdown of the pricing of non-magnetic concentrate for those a little bewildered by the variation between US$702/t (KMS non-magnetic concentrate price for March Qtr) vs premium zircon price of circa US$1950/t. (consistent with what @2ic previously posted on the topic).
Full report can be accessed now on the SFX website. https://www.sheffieldresources.com.au/site/investor-centre/research-reports
For those interested, updated research report from Dr Chris...
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Last
29.5¢ |
Change
0.003(0.85%) |
Mkt cap ! $116.4M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.5¢ | $18.61K | 62.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8858 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 2068 | 1 |
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