important to remember SFR is the biggest CU pure play on ASX now with OZ minerals gone.
Super funds etc looking for Cu has to go SFR
furthermore producing 32kt per annum at present
68m per quarter x 4 = 240m against 3.2b market cap thats a PE of 12!
Pretty low PE when you consider expansion is +50%
CU Price looks strong
The big risk however is recession...
A question of shallow recession or deep recession, i believe as long as the money keeps printing it will be a shallow recession.
Evergrande hardly bumped the market as you would expect for a 400b flop,
SFR has another 27% in it before i re-evaluate in my opinion, tough markets to be confident though...
Ann: Sandfire December 2023 Quarterly Presentation, page-9
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Last
$8.90 |
Change
0.120(1.37%) |
Mkt cap ! $4.070B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $8.92 | $8.78 | $24.66M | 2.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4460 | $8.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.90 | 36655 | 7 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SFR (ASX) Chart |