SRN surefire resources nl

Its a lazy hold...10-12m MCAP - with probably close to $1.7B NPV...

  1. 2,859 Posts.
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    Its a lazy hold...

    10-12m MCAP - with probably close to $1.7B NPV in VB..

    Add Yidby, Add Yidby East (should drilling be successful and they it some decent widths with decent graded copper. Likely see some Gold in there too. Might make Yidby alot more interesting just just trying to extend the gold alone.

    Add Perenjori and Perenjori extended..

    There is alot more value here than that market cap suggests.. KSA is too close to an emerging catastrophe in the middle east, I reckon that has punters on the sidelines. They will keep chipping away at it but I dont think it will be turning around this side of christmas. Need to keep the irons in the fire.. Drilling a copper anomaly with decent soil alteration and identified copper gossan outcrops right next to targets, might do us extremely well in the short term.

    It couldn't have much left in the downtrend/sideways tank.. Events like that dump yesterday certainly don't help things, but i reckon its going to be common place across this end of market at the moment. The sophs are likely chasing safe havens IMO. Too much uncertainty, too many wars... Bargain prices ensue


    Last edited by Romann: 09/10/24
 
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