Reflecting upon where we are as a spec rated stock The chances...

Reflecting upon where we are as a spec rated stock

The chances of this being a T/O is very high
99% of specs haven't proven anything besides maps/samples with few drill holes = all instos / majors would not touch them because of high risk factor
Another story here

Already proven 10mt @ 1.3%
Comparing to SFR acquisition of MOD
SFR drilled extensions on the proven 30mt that they bought for $160m in 2019 when Cu price was less than half of today's spot
Their current resource is of 40mt @ 0.9% (lower grade)
They will be in prod next year with 12 yr mine life with their WA deposit running out soon

2 Directors from SFR have come onboard to this spec
Why would they do that ?
Because their own leverage of incentives will give them at least 10 fold on returns than staying with highly priced bluechip

Robert Klug = played key part in MOD acquisition
Bruce Hooper = ex SFR Chief Geologist

All the Directors been buying stock lately as they can't buy just before re-rate announcements which are coming soon

Other plays such as RCP / HLX have had less positve news so far and are valued mucher higher than this still

They have over 170,000m of historical drills to add to existing JORC and give a huge advantage on where to drill next ontop of recent EM's (drilling valued @ $34m)
So if SFR have full operation running on same belt with few hundred mill cash balance it looks inevitable, just don't know if they pounce at 20mt or 30mt before another major will happily snap this up

Key word is majors want a derisked purchase even if it's at a premium because for them that is the biggest negative
Almost all specs are trading on hopes and dreams of finding something decent, this company is seeing if they have between 30-100mt Cu valued in the Billions = A very valuable resource indeed
A T/O can never be ruled out at any time its only a race against all the other big boys
Then if they decide to sell, and concentrate on Canadian assets that also look juicy as

The World is running out of big Cu deposits in last 10 yrs
FA = Supply will not keep up with world demand so price increases will happen

Next few weeks looking at 40c+ only equalling under 5% of IGV ....get the drift