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Can't benchmark off BSE at this stage being a very profitable...

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9,311 Posts.

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31/07/18

10:40

Post #: 34640630
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Originally posted by no-idea2016 ↑

It seems minerals sands are finally coming back into favour (after a long-wait for those of us who invested a decade ago), and notably companies like Hartley's are bullish on minerals sands. As such, it amazes me that STA are still flying under the radar (with such a low market cap, on the verge of cranking up the ready-to-go Coburn Project in WA, as well as on the verge of developing several big projects in Tanzania).

Sheffield Resources: Market cap $215,000,000
Base Resources: Market cap $315,000,000
Strandline Resources: $46,000,000

Once the "optimised" DFS is updated at Coburn in the coming weeks, we'll see a major re-rate here imo.

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Can't benchmark off BSE at this stage being a very profitable producer but it does give us a range. BSE will be saying if SFX, still having challenged getting Thunderbird, are 2/3 of BSEs cap then they should be a lot higher!!

I agree there's room for significant rerate for STA though on sector comparison.

STA Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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