SFR holder here and bullish on copper.
Yes, good question.
The deal provides interesting comparison to the SFR MATSA deal.
- Sierra Gorda has superior qty of reserve/resource/mine life
- MATSA has superior C1 costs
- Spanish/Portuguese jurisdiction/proximity to market superior to Chile?
- Other considerations?
SFR S32 1 Mine Complex MATSA Sierra Gorda 2 Investment 1.865 1.55 bn USD S32 has contingent liability of $500M USD if Copper price and volumes exceed threshholds 3 Ownership % 100% 45% 4 CuEquiv 110 214 Mt Forecast production mid points 5 Cu (63), Zn (27)
Ag (7), Pb (3)Cu (84), Mo (7)
Au (7), Ag (2)Revenue proportion by mineral 6 CuEquiv Production 110.0 96.3 kt/pa based on ownership share 7 Cu Production 69.3 80.9 kt/pa based on ownership share 8 Min Resource 1.88 7.04 Mt Cu 9 Min Resource 3.902 Mt CuEquiv 10 Cu% 1.50% 0.40% 11 Min Reserve 0.65 6.32 Mt Cu 12 Min Reserve 1.11 Mt CuEquiv 13 Cu% 1.80% 0.40% 14 LOM on reserves 10.1 29.5 years SFR states 6 year LOM on resource and 12 on reserves 15 C1 Cost est 0.5 1.3 USD/lb Cu
Ann: SOUTH32 TO ACQUIRE A 45% INTEREST IN THE SIERRA GORDA COPPER, page-13
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Last
$3.68 |
Change
-0.065(1.74%) |
Mkt cap ! $16.52B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.70 | $3.63 | $17.36M | 4.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 100336 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.68 | 79846 | 49 |
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| Last trade - 12.52pm 04/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |