I wouldn't be too concerned the price of copper could half again and sandfire would still be profitable as long as they don't go bankrupt they will come out the other end of the commodity cycle, now is really the time to buy and hold, all except rio have cut production, chile is pumping money into copper miners just to keep then from going under we are at the bottom for copper, it will not be a short bottom, but it will slowly turn 18months from now when production cuts fully cycle through copper prices will be well above what they are today, demand is still growing just slowly.
If your a short term player you may want to reconsider your investment as this is multi year hold share in my book I would never try to trade it.
SFR Price at posting:
$5.61 Sentiment: None Disclosure: Held
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