So quite on the SAR threads, but... hard to complain though when the share price has gone up 50% in 2 months.
Still lagging way behind what I think is its closest peer - RRL.
RRL just keeps powering ahead, which for me just shows that SAR has some serious room to move higher.
RRL now has a market cap of over $1.7billion, SAR just over $1.15b, to me that means SAR has a minimum of 25% to go just to get close to fair value for its new mid tier status, with a decent chance of a 40% rise to get it close to RRLs full valuation. I think that can only occur if SAR gets some amazing drilling, provides an update for mine life extensions or simply hits guidance and starts paying a dividend.
All IMHO.
SAR Price at posting:
$1.50 Sentiment: Hold Disclosure: Not Held