IMHO, at current prices no. At $8.50...maybe.
This is a project that has significant margin and great exploration upside. Grade is king in the mining game, and a short mine life shouldn't be seen as a negative. On a PV basis, mining a reserve over 5 years is better than mining that same reseve over 10.
Do I want to see the mine life extended, yes! But this will take time, as all exploration does and I think SFR is on prime land to do so.
And from the reading I've done, a significant proportion of their drilling has been sterilisation drilling. Cash must also be an issue, as until the Company is in production I would think funds are better spent on getting into production.
IMHO, at current prices no. At $8.50...maybe.This is a project...
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Last
$8.04 |
Change
-0.510(5.96%) |
Mkt cap ! $3.677B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $8.20 | $7.96 | $27.58M | 3.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $8.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.07 | 8656 | 4 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| SFR (ASX) Chart |