"We believe Sheffield has all the right ingredients to be one of the best performing mining stocks over the next 6-12 months. Over the past year, mineral sands prices have staged a major recovery and the macro outlook appears compelling. In parallel, Sheffield has a host of de-risking milestone due near-term (see p20) which we believe could see the world class Thunderbird mineral sands project funded and in construction within months. We initiate coverage with a high conviction Buy.
We say BUY:
Target = $1.40
Strategic Target = $2.00"
A detailed and incisive report that makes Blue Ocean look like geniuses based on timing of the release.
Cannot believe I did not look at the SFX website in the first place.
Great to see such confidence and exposure building, the word is spreading!
Now we just need to tidy up the Native Title issue, and finalise the funding shortfall.
Exciting times
GLTA
Cabe
SFX Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
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