Once again this one has been missed by the market IMO. As per their AGM presentation "Report maiden JORC compliant resource of c.150mt" by end of December 2010, and to increase the grade of hematite rich Itabirite to over 64% Fe via simple gravity/magnetic processing. SFZ have been generating cashflow since October by having the ore processed by LGA Mineracao. At the end of the month (Dec.) they launch their own plant at the Ponto Verde site. A big month coming up, surprised to see the lack of price movement.
SFZ Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
